Learn how to protect your business and employees
Hosted by Sheridan Performance and Group Olson HR Consulting
Tuesday, August 24, 2010
7:30 – 9:00 A.M.
Indigo Room, Indigo Bldg, 325 Main Street, Red Wing
Program Description
Kerry Meagher, Attorney and Certified Identity Theft Specialist will highlight the responsibilities, potential liabilities and solutions that employers must now address as a result of the rapid growth of workplace identity theft.
Key Points for Employers:
· Currently over 50% of all identity theft occurs in the workplace.
· As a result, federal legislation and the Federal Trade Commission (FTC) have outlined employer responsibilities and liabilities regarding data breaches.
· Several federal laws now require employers to implement an employee data security training and documentation program.
· The FTC has ruled that lack of a reasonable plan may be an unfair trade practice.
· Firewalls, encryption and other technology alone do not satisfy these federal requirements.
· Employers who fail to implement a data security program may be at risk of civil and criminal penalties.
Identity Theft Overview:
· The FBI reports that identity theft is America’s fastest-growing white collar crime.
· The U.S. Secret Service reports that global trafficking of financial data has surpassed that of drug trafficking.
· According to CIO Magazine, employer costs to resolve a data breach typically include losing 20% of their clients and spending between $40,000-$92,000 per victim to remediate the problem.
· Liability follows the data, so employers may be held responsible if their vendors experience a data breach that includes employer-supplied non-public information.
For more information or to RSVP contact:
