I believe newspapers use a feature called "first click free" that enables this to work. I don't know if that will work with your industry regulations or not, however. You may also want to see how sites that deal with adult content, such as liquor sites, have a restriction for viewing let allow indexing.

Ahh, the problem is that the OP changed jobs, and the new person removed those custom alerts. I hadn't realized that until just now. Thanks for letting me know, and I'll see if we can do anything to get it fixed.

Awesome response here! I'd also like to add we did have a great YouMoz post two years ago about essential alerts for GA that would email you when certain events happened. It's at http://www.seomoz.org/blog/7-essential-google-intelligence-custom-alerts-that-keep-me-sane.

Also check Google webmaster Tools. When doing a site: of your site, there are some odd-looking SERPs and at least one page has a message that the site might be compromised.