Assurant Specialty Property and National ID Recovery (NIDR) have launched a Red Flag ID fraud detection, notification and protection program for financial institutions and credit unions.
Red Flag ID Fraud Solutions is a collaborative identity-theft solution created in response to the need for all financial institutions to comply with the Fair and Accurate Credit Transactions Act Identity Theft Red Flag Rules by Nov. 1.
Assurant Specialty Property, part of Assurant Inc., is a provider of specialty insurance and collateral protection programs, while NIDR is a provider of identity-theft solutions to consumers.
Red Flag ID Fraud Solutions provides data breach resolution services to financial institutions at no annual retainer fee. If a financial institution experiences a direct breach of data information, the program provides regulatory consulting, breach notifications to customers, a dedicated 800 line and call-center support, and resolution and recovery service for all affected customers at the lowest cost per breached victim in the nation, the companies say.
Assurant Red Flag: (800) 859-8231
SOURCE: Assurant Specialty Property, National ID Recovery