Denver Community CU Hires Secure Identity Systems For Risk Assessment

DENVER – Denver Community CU said yesterday it has signed with Secure Identity Systems to conduct an

Initial Risk Assessment and assemble a Policies and Procedures Manual, two critical steps towards compliance with the Federal Reserve’s Red Flags rules.Initial Risk Assessment to look at the provisions of the FACT Act and Red Flag ruling, and determine how the organizations’ current ID protection strategies meet those requirements. This includes evaluation of Bank Secrecy Act (BSA) requirements, information security, identity theft risk factors, and current programs. Key gaps and strategies for mitigating identity theft risks are also outlined during this process.

Based on this analysis, Secure Identity Systems has developed a Policies and Procedures Manual that outlines the strategies and tactics for Denver Community Credit Union to detect, prevent, and mitigate fraud.

Securities Identity Systems is based on Brentwood, Tenn.