Transcript Red Flag - Chris Valles(June'13)

Red Flag Rules
Training Class SD 428
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, known
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 Operational Guidelines; Section 2-Red Flag
Rules.
http://utsa.edu/financialaffairs/opguidelines/4.2.html
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.
UTSA has deemed any student account to be a “covered account.” Any department with
access to student records, who also may interact with students/parents concerning
that information is responsible for compliance with this guideline.
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Red Flag Rules SD 428
Although not meant to be an inclusive list, each UTSA department below has
been identified as being responsible for opening-directly or indirectly-or
maintaining covered accounts at UTSA and is responsible for adhering to this
program.
Business Affairs:
 Administration: Business Auxiliary Services Operations
 Financial Affairs: Financial Services and University Bursar, Perkins Student Loans,
Fiscal Services Office
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
 ID documents or cards that appear to have been altered or forged.
 ID photograph or physical description is not consistent with the
appearance of the customer presenting the documents.
 Inconsistent information on identifying documents or other readily
accessible information that is on file.
 Social Security Number or Banner ID is the same as that submitted by
another customer.
 Alerts, notifications or warning from consumer reporting agencies.
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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.
Notices will be sent to current employees in the identified
departments once the course is available.
The course will also be listed on the New Employee “On-thejob” Orientation Checklist.
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Questions
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