Reducing Risk in the Workplace
Credit card fraud accounts for less than 25% of all identity Fraud. In the last twelve months 9.93 million people have had some type of identity theft crime committed against them.
An individual victim will spend on average $1,200 in out-of-pocket expenses and an average of 600 hours in efforts to resolve the many problems caused by identity thieves. Identity theft may cost Canadian consumers, banks and credit card firms, stores and other businesses more than 2 billion annually. The Privacy Commission of Canada reports that 86% of business owners have considered integrating measures to protect their clients.
How Can Identity Fraud Affect Your Bottom Line?
- Without proper education and prevention, an organization and it’s employees
are at a greater risk of victimization.
- individuals who are victims of identity fraud will spend an average of 600 hours
- restoring there identity. A substantial amount of the time will be spent during regular
- business hours resulting in time and productivity loss.
- Consumers are wary and justifiably concerned about there privacy.
- Consumers are holding organizations responsible by legal remedy and through
- the marketplace.
- A privacy breach may be publicized in the media and result in a loss of
- consumer support.
- Lost consumer support results in lost investor confidence.
Education, vigilance, and proactive, effective personal risk management are essential requirements for any consumer or organization that hopes to protect themselves against Identity Fraud.
What will participants learn from the seminar?
- Identity Theft, Identity Fraud, and its many faces.
- Preventative measures that will reduce the risk of victimization.
- Provide a Step-by-step process following an Identify Theft occurrence.
- The Personal Information Protection Act (PIPA) and how it relates to your organization.
- A practical step-by-step approach on how to make your organization PIPA compliant.
- Bill C-27 – What it is and how it pertains to your organization.
Personal Information Protection Act
Requires organizations to protect personal information in their custody or control by making reasonable security arrangements against such risks as unauthorized access, collection, use, disclosure, copying, modification, disposal or destruction.
Since 2004, the Office of the Privacy Commission in Alberta reported over 1300 privacy complaints and this number reflects an increase each year.
“Excellent Information, Good Advice – Keep promoting the information”.
“Everyone should have an opportunity to hear this information”.
“A good wake-up call”.