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With identity theft a widespread issue in the financial services industry, banks and ARM companies are under increased pressure to ensure consumers’ sensitive identification, contact, and financial information is kept safe. In fact, a number of recent state and federal laws and regulations codify certain requirements for handling financial data. Firms in the ARM industry must adhere to a host of standards, including the Payment Card Industry Data Security Standard (PCI DSS), the financial privacy and safeguards rules in the Gramm–Leach–Bliley Act (GLBA), the FTC’s Red Flags Rule for identity theft, information security standard ISO 27002, HIPAA and the HITECH Act for the healthcare sector, and the Federal Information Security Management Act of 2002 (FISMA) for those collecting on government contracts. Auditing standard SAS 70 is also required for many in the financial services industry that use outside vendors such as debt collection agencies.

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Ransomware Puts Your Business at Risk

5 February 2015

Automated Collection Services, Inc. (ACSI) Expands Comprehensive Healthcare Compliance with HITRUST Common Security Framework (CSF)

28 January 2015

New Video from TECH LOCK Certified: Sacking Malware & Threats to Your Business

16 January 2015

Delta Outsource Group Achieves the ARM Industries' Most Rigorous Compliance & Data Security Audit - TECH LOCK Certified

15 January 2015

Global Debt Registry Scores $7 million in Series A Funding

15 January 2015

First Collection Services Chooses TECH LOCK Certified with HITRUST for Data Security and Compliance Management

14 January 2015

Optio Solutions Takes a Stand on Debt Collection Compliance, Starts Best-in-Class TECH LOCK Certified and Adds HITRUST

13 January 2015

DBA International Applauds New FTC Security Measure on the Sharing of Portfolio Data

14 November 2014

FTC Details Data Security Steps for Debt Buyers and Sellers

13 November 2014

Financial Services Groups to Congress: Retailers Inaccurate and Misleading on Data Breaches

12 November 2014

Vision Financial Corp. Achieves ARM Industry Gold Compliance Standard, TECH LOCK Certified

15 October 2014

RevSpring Raises the Security Certifications and Compliance "Bar" with HITRUST

14 October 2014

Compliance Acronym Stew: Is Your Collection Agency at Risk? Part III: Red Flags, GLBA, and HIPAA

1 October 2014

BFrame Announces Cloud Infrastructure Partnership

26 September 2014

SSAE-16: What Once Set You Apart Will Soon Be a Requirement

22 September 2014

Compliance Acronym Stew: Is Your Collection Agency at Risk? Part II: PCI DSS

10 September 2014

Unifund Completes Successful SSAE 16, Type 2 Audit

6 August 2014

Collectors Need More Modern Approach when Trusting Data to Vendors

16 July 2014

Vision Financial Corp. Achieves ARM Industry Gold Compliance Standard, TECH LOCK Certified

10 July 2014

Collection Agencies Leveraging More Technology According to BillingTree's 2nd Annual ARM Industry Survey

3 July 2014

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