RED FLAG TRAINING QUIZ

  1. The Red Flag Rules apply to anyone who deals with financing and credit, including car dealerships, banks, retail merchants, mortgage companies, university healthcare practices and cell phone carriers.

☐True

☐False

  1. Under the Red Flag Rules, all “covered accounts” must be marked with a small red flag symbol.

☐True

☐False

  1. Personal Identification Information (PII) includes:

☐Any name or number.

☐Any name or number, used alone or in conjunction with any other information.

☐Any name or number that may be used, alone or in conjunction with any other information, to identify a specific individual.

☐None of the above.

  1. “Suspicious” refers to which of the following:

☐Inconsistent signatures on file.

☐Driver’s license photo doesn’t match person.

☐Inability to recall mother’s maiden name.

☐Phone number given is answered by prison switchboard.

☐Any and all of the above.

  1. Which of the following is not a required part of an Identity Theft Prevention Program?

☐Reasonable policies and procedures to identify potential “red flags”.

☐A dedicated phone line for customers to call in identity theft reports.

☐Specific procedures to detect the “red flags” identified as potential threats.

☐Appropriate actions to take when “red flags” are detected.

☐A plan for regularly re-evaluating the program.

  1. Red Flag procedures must be implemented by individual departments. That means:

☐…the procedures just have to be written and accessible to everyone.

☐…the procedures have to be written and everyone needs to be trained to use them.

  1. After you have identified the red flags of ID Theft that you’re likely to come across in your business, what do you do next?

☐Set up procedures to detect those red flags in your day-to-day operations.

☐Train all employees who will use the procedures.

☐Decide what actions to take when a red flag is detected.

☐Periodically review your list of red flags to be sure they are still relevant.

☐All of the above.

  1. Because the federal Red Flag Rules are so comprehensive, Minnesota’s state laws concerning identity theft prevention no longer apply.

☐True

☐False

  1. The one thing you will NOT do when you finish this training is:

☐Review your unit’s policies and procedures for how to identify red flags associated with covered accounts.

☐Remain alert to the possibility of identity theft in all business transactions you encounter.

☐Ignore this training and go on with your work- because it’s the way things have always been done.

☐Report any known or suspected red flags immediately!

  1. The purpose of the Red Flags Rule is:

☐To detect the warning signs – or “red flags” – of identity theft in day-to-day operations, take steps to prevent the crime, and mitigate the damage it inflicts.

☐To add one more item of busy-work to already over-loaded staff, since there’s no way to really prevent Identity Theft.

ANSWERS TO QUIZ:

  1. True
  2. False
  3. Any name or number that may be used, alone or in conjunction with any other information, to identify a specific individual.
  4. Any and all of the above
  5. A dedicated phone line for customers to call in identity theft reports.
  6. The procedures have to be written and everyone needs to be trained to use them.
  7. All of the above
  8. False
  9. Ignore this training and go on with your work- because it’s the way things have always been done.
  10. To detect the warning signs- or “red flags” – of identity theft in day-to-day operations, take steps to prevent the crime, and mitigate the damage it inflicts.

Red Flag Quiz

Thank you for taking this quiz.

Please print a copy of this page and present it to your Campus Red Flag Coordinator.

Campus Red Flag Coordinator Name

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