ICFE eNEWS #15-17 - June 2015
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ICFE's Certified Identity Theft Risk Management Specialist - CITRMS®
Training and Certification Program in its 10th year.
A small business private information practices audit may help avoid a
breach and fines or other penalties.
San Diego, CA - America's fastest growing crime is still credit and
identity theft and victims include children, seniors, and medical
records. In 2005, there were a handful of companies offering Identity
Theft 'services' and claiming to be 'fraud specialists'; however, they
were merely reactive. Now there are dozens of organizations and most are
Proactively guarding against this insidious and potentially devastating
crime has become very important among consumers and small to
medium-sized business owners who handle private information.
Equipping and training professionals as identity theft risk management
specialist has also become paramount as statistics show that the
constant reactive focus and response to the crime is ineffective.
The number of new identity theft victims only continues to grow at
staggeringly high rates, law enforcement is overwhelmed, and there is a
clearly defined critical need for trained professionals who can work
with and educate consumers and small to medium-sized business owners
going far beyond those simplistic and general 'prevention tips' that
merely scratch the surface and often provide a false sense of
The ICFE's curriculum program for training and certifying Identity Theft
Risk Management Specialist-CITRMS® was introduced in 2005. Today
there are over 2,500 CITRMS® certificants, world-wide, including
about 500 US Military counselors.
"Credit and identity theft is the new bane to all consumers", said Yan
Ross, an identity theft risk management authority and director of
special projects for the ICFE. "Professionally trained and skilled
counselors from accredited nonprofit agencies and the military doing
risk assessment and risk management and working with victims on
resolution, are becoming more commonplace, compared to ten years ago,"
The ICFE list of CITRMS® certificants includes, but is not limited
to, CPAs, financial planners, notaries, credit and debt educators,
counselors, paralegals and attorneys, also credit union representatives,
government fraud investigators, privacy professionals and military
counselors have become trained and certified to assess their constituent
or clients' risk of becoming a victim of credit and identity theft.
Small and medium-sized business owners also face many new
responsibilities and liabilities under the expanded credit reporting
laws and regulations. "Many of these folks are unaware of these new
legal requirements," said Paul S. Richard, ICFE President. The ICFE
Certified Identity Risk Management Specialists-CITRMS® can help them
achieve compliance with a small business private information practices
A small business private information practices audit conducted by an
ICFE Certified Identity Theft Risk Management Specialist - CITRMS®
may help the owner avoid a breach. It will also help guard and protect
the confidential information in possession of a business about their
customers and employees, while also assisting them in reducing their
potential risk of data breaches and the resultant penalties, including
potential fines, negative publicity, loss of consumer confidence, and
possible lawsuits. The private information practices audit will result
in suggested improvements and recommendations on handling, storage,
disposition, and destruction of private information.
ICFE Certified Identity Theft Risk Management Specialists-CITRMS®
study from a comprehensive Independent Study Guide and then must pass a
100 question written examination, which requires an 80% passing grade.
Many national professional organizations have already realized the
importance of training and continuing education of their membership
about identity theft and its risk management. The ICFE has been accepted
as a continuing education (CE) provider, certification credits,
professional development, continuing legal education (CLE), mandatory
CLE (MCLE), continuing professional education (CPE) for accountants. And
professional development units (PDU's) for teachers.
Learn more about the
ICFE Certification Programs.
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Paul S. Richard
President - Executive Director
Institute of Consumer Financial Education (ICFE)
ICFE - Institute of Consumer Financial Education -