Red Flags Rules
The Evantix Red Flags Assessment provides financial institutions and creditors with visibility into how well they are prepared to protect against identity theft. Evantix’s solution focuses on the following five categories of “red flags” outlined by the FTC, to determine how well a company complies with this new industry requirement:
- Alerts, notifications, or warnings from a consumer reporting agency,
- Suspicious documents,
- Suspicious personally identifying information, such as a suspicious address,
- Unusual use of — or suspicious activity relating to — a covered account and
- Notices from customers, victims of identity theft, law enforcement authorities, or other businesses about possible identity theft in connection with covered accounts.
