The Federal Trade Commission has decided to give small business owners more time to implement new identity-theft rules that were set to take effect Aug. 1.

In a statement released Wednesday, the FTC said “to give creditors and financial institutions more time to review this guidance and develop and implement written Identity Theft Prevention Programs,” the agency will delay enforcement of the rule until Nov. 1.

For more information on the Red Flags Rule and a sample policy SAF drafted, read the article in the July 22 issue E-brief.