Complimentary Employer Education

Identity Theft & Employer Responsibilities and Liabilities
Learn how to protect your business and employees

Hosted by Sheridan Performance Group and Olson HR Consulting

Program Agenda
7:30 am Coffee, juice, fruit
8:00 am Presentation by:
Kerry Meagher, Attorney and Certified Identity Theft Specialist
8:40 am Q&A
8:55 am Drawing for a free 2-hour Lake Pepin sailboat ride for up to six (go to www.Sail Pepin.com for more information).
9:00 am Conclude

Program Description
Mr. Meagher will highlight the responsibilities, potential liabilities and solutions that employers must now address as a result of the rapid growth of workplace identity theft.

Key Points for Employers
 Currently over 50% of all identity theft occurs in the workplace.
 As a result, federal legislation and the Federal Trade Commission (FTC) have outlined employer responsibilities and liabilities regarding data breaches.
 Several federal laws now require employers to implement an employee data security training and documentation program.
 The FTC has ruled that lack of a reasonable plan may be an unfair trade practice.
 Firewalls, encryption and other technology alone do not satisfy these federal requirements.
 Employers who fail to implement a data security program may be at risk of civil and criminal penalties.

Identity Theft Overview
 The FBI reports that identity theft is America?s fastest-growing white collar crime.
 The U.S. Secret Service reports that global trafficking of financial data has surpassed that of drug trafficking.
 According to CIO Magazine, employer costs to resolve a data breach typically include losing 20% of their clients and spending $40,000-$92,000 per victim to remediate the problem.
 Liability follows the data, so employers may be held responsible if their vendors experience a data breach that includes employer-supplied non-public information.