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The program will be periodically reviewed and updated to reflect changes in risks to customers and to the safety and soundness of the city from identity theft. The finance director shall at least annually review the annual compliance report and consider the city’s experiences with identity theft, changes in identity theft methods, changes in identity theft detection and prevention methods, changes in types of accounts the city maintains and changes in the city’s business arrangements with other entities and service providers. After considering these factors, the finance director shall determine whether changes to the program, including the listing of red flags, are warranted. If warranted, the finance director shall present the recommended changes to the city council for review and approval.

(Ord. 1313 § 1(Exh. A), 2009)