EMC Offers Banks FACTA Solution

Information infrastructure solutions company EMC Corp. (Hopkinton, Mass.) has introduced a solution designed to help U.S. financial institutions and creditors to develop and implement an identity theft prevention program that is compliant with the FACTA Identity Theft Red Flags guidelines and related regulations.

The solution combines professional services from EMC Consulting and information-centric security technologies from RSA, The Security Division of EMC.

EMC Global Services has created a process designed to help businesses meet the Nov. 1 deadline to comply with FACTA Red Flags guidelines. This new program includes: Risk Assessment; FACTA Policies and Procedures; Roadmap and Requirements; Technology Design and Deployment of Red Flags Detection Software; Identity Theft Prevention Reporting; Integration with third-party customer reporting agency data; Program Management Office; and Quality Assurance that provides evidence that FACTA business requirements are implemented and performing effectively.

These services will be coupled with RSA's products to create the full FACTA solution. RSA services include: RSA Identity Verification, RSA Adaptive Authentication, RSA Transaction Monitoring and RSA FraudAction.