Red%20Flag%20Rules%20Training%20Class%20SD%20428

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Red Flag RulesTraining Class SD 428
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Red Flag Rules SD 428

• The Red Flag Rules course (SD 428) was
  implemented at UTSA to meet the requirements and
  guidelines put forth by the Federal Trade
  Commission.

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Red Flag Rules SD 428

• In response to the growing threat of Identity
  theft, the United States Congress passed the Fair
  and Accurate Credit Transactions Act of 2003
  (FACTA).
• On November 9,2007, the Federal Trade Commission
  circulated the final rules, know as the Red Flag
  Rules.

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Red Flag Rules SD 428

• The University has developed a policy for the
  identification, detection and prevention of
  identity theft. The policy is located in the
  FMOG, Section 2-Red Flag Rules.
• The FTC also requires users to train staff, as
  necessary, to effectively implement the program.

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Red Flag Rules SD 428

• Why Universities?
• According to the FTC, any business that handles a
  covered account is responsible to follow the
  Red Flag Rules.
• What is a Covered account?
• An account that involves or is designed to permit
  multiple payments or transactions, which is
  primarily for personal, family or household
  purposes. It is also any account for which there
  is a reasonably foreseeable risk of identity
  theft.
• Examples of Covered Accounts include, but are not
  limited to
• Student loan and tuition accounts
• Patient medical service accounts
• Accounts associated with employee benefits,
  student debit cards and meal plans.

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Red Flag Rules SD 428

• UTSA departments identified as being responsible
  for opening -directly or indirectly covered
  accounts include.
• Business Affairs
• Administration Business Auxiliary Services
  Operations
• Financial Affairs Financial Services and
  University Bursar, Perkins Student Loans, Fiscal
  Services Office
• UTSA Police Department
• Student Affairs
• Admissions
• Registrar
• Student Enrollment Services Center
• Student Financial Aid

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Red Flag Rules SD 428

• What are Red Flags?
• Red flags are suspicious patterns or practices,
  or specific activities that indicate the
  possibility that identity theft may occur. This
  may include.
• Alerts, notifications or warning from consumer
  reporting agencies
• Suspicious documents
• Suspicious personal identifying information
• Unusual use of or suspicious activity related to
  covered accounts.

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Red Flag Rules SD 428

• Examples include
• Address discrepancy is received in response to a
  request for a consumer report
• ID documents or card that appears to have been
  altered or forged
• ID photograph or physical description is not
  consistent with the appearance of the customer
  presenting the documents
• Inconsistent birth dates on identifying documents
• Social Security Number or Banner ID is the same
  as submitted by another customer.

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Red Flag Rules SD 428
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Red Flag Rules SD 428

• This is a open enrollment course. Any employee
  with access to the My Training website will be
  able to take the course.
• There is a Course Acknowledgment at the end of
  the course.
• Training and Development will be sending out
  notices to current employees in the identified
  departments once the course is available.
• New employees will also be required to take the
  course.

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Questions
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