Red Flags Rule
CIPP/US glossary · Last reviewed: · By Victor Humenhuk (CIPP/US certified)
Red Flags Rule - FACTA rule requiring financial institutions and creditors to develop written programs to detect, prevent and mitigate identity theft.
In the CIPP/US body of knowledge, Red Flags Rule comes up under Chapter 9: Financial Privacy.
Red Flags Rule in context
- It required ==truncation== of card numbers on receipts, gave a ==free annual report== from each of the three national bureaus, and mandated the ==Disposal Rule== and ==Red Flags Rule==. (FACTA Amendments and Consumer Protections)
- The ==Red Flags Rule== requires financial institutions and creditors to maintain written identity-theft detection programs that spot and respond to red flags. (The Red Flags Rule)
Where Red Flags Rule is covered in the CIPP/US study notes
Related terms
- Red Flag Program Clarification Act of 2010
Test yourself on Red Flags Rule
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