Red Flag Correspondence

In late 2007, the Federal Trade Commission (FTC) and Federal banking agencies issued a regulation known as the Red Flag Rule under sections 114 and 315 of the Fair and Accurate Credit Transactions Act (FACTA) of 2003. The regulation is intended to reduce the risk of identity theft by requiring stronger fraud prevention to protect consumers’ personal data.

In order to comply with the FTC and the University’s “Identity Theft Red Flags Policy,” Youngstown State University has instituted an annual training program.

As the individual responsible for potential red flag transactions, you are required to participate in the annual training. The training program for this year includes participation in the FTC’s interactive tutorial.

Click on the above link to begin the 20-30 minute tutorial and follow these steps:

  • Click on “Protecting Personal Information: A Guide for Business (Interactive tutorial)” located on the right side of the screen under Media
  • Click on “interactive tutorial” and wait for the video to load
  • Follow the instructions

In addition to completing the webinar, it is also your responsibility to ensure that all employees in your department that are involved in similar transactions also view the webinar and complete a certification form to be maintained in your department. Please forward this email to the appropriate employees.

Please find the following attachments (also available at V.P. of Finance & Admin. website):

  1. Staff/Employee Return Certification Form (to be maintained in your department)
  2. Responsible Party/Director Return Certification Form (to be returned by August 31, 2012 to Gloria Kobus, Director of Student Accounts and University Receivables).
  3. Identity Theft Red Flag Guidelines templates (can be used to document and implement procedures within your area)
    1. University Account Establishment
    2. University Billing, Account Payments & Account Closure
  4. Incident Report (referenced in the Identity Theft Guidelines templates)

If you have any questions, please contact Sue Ewing at seewing01@ysu.edu or at Ext. 3142.