New Fact Act Includes Identity Theft Prevention Program to Be Implemented By Financial Institution

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Enterprise Risk Management presented current identity prevention and fraud risk assessment requirements at the Florida Accounting & Business Expo.

Enterprise Risk Management, a leader in fraud and risk assessment, recently presented during the Florida Accounting & Business Expo on identity theft prevention programs, an integral part of the new FACT Act. With almost 5% of the population being a victim of identity fraud in 2009, many changes to regulations have forced financial institutions to enhance these programs.

Robust Identity Theft Prevention Programs Include:

  •      Ways to prevent, detect, and mitigate identity theft with the opening of an account
  •      Involvement of upper management for the implementation and oversight
  •      Continuous assessments on fraud and risk companies are exposed to
  •      Enforcing direct compliance with Information Security Standards

“Sensitive information for businesses and people are not being disposed of properly and can potentially end up in the hands of people looking to deceive others with false identities. If a company doesn’t have a quality identity theft prevention program in place, they are doing themselves and their clients an injustice,” said Silka Gonzalez, President of Enterprise Risk Managment. “The government continues to try and mandate how financial institutions must prevent identity theft, however many aren’t putting the right enforcements in place for this to be effective. We continue to show ways to decrease the chances of identity theft through the proper security measures needed.”

About Enterprise Risk Management:

Enterprise Risk Management is a risk management firm with its headquarters in Miami, Florida and a location in India. They are one of the leading providers of IT Security, Risk Management, IT Audit, Computer Forensics, Regulatory Compliance and SAS 70 services to global businesses. The firm provides a variety of information security and information systems audit services to local, national Fortune 500 and international businesses. Their services range from design and implementation of secure information technology frameworks, to the assessment of risk exposure of organizations, as well as the correction of existing security problems. Enterprise Risk Management Inc. was also named a Top 200 South Florida Small Business by Business Leader Magazine in 2008. For more information, visit


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Michael Gustman

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