FACTA Training

FACTA Red Flags Online Training Course

The growth of electronic and internet-based records has given employees access to sensitive customer personal and financial data. It has also dramatically increased the risk that this information could be leaked or stolen—and used by identity thieves. The Red Flags Rule is based on the Fair and Accurate Credit Transaction Act (FACTA) of 2003 and was created by agencies including the Federal Trade Commission (FTC) to help avoid identity theft. This federal regulation requires financial firms and other businesses that handle consumer and business credit data to:

  • Understand the warning signs that may indicate identity theft
  • Have and follow a plan to detect the kinds of suspicious activity
  • Take specific actions whenever a red flag is detected
  • Re-evaluate our program periodically to reflect and respond to new risks
Not surprisingly the rule also requires employers to train “relevant employees”—which the FTC notes usually involves employees at every level in the organization. It also provides for stiff fines for each violation and opens the potential for private lawsuits, including the potential for class actions.

Course Description

FACTA Red Flags Training is a general course for all employees who interact with customers’ financial and/or credit information. This course introduces the Red Flag Rule and related concepts, outlines the primary components of the employer’s identity theft prevention program, explains how employees can spot red flags, gives common examples of red flags and reviews your workplace policies and procedures for reporting concerns. This course also requires learners to acknowledge they have received a copy of your red flags program and gives learners direct access to Emtrain’s experts and can anonymously ask questions via our innovative Expert Q&A feature.


Course Snapshot

Course length: 15 minutes

Audience: Managers and employees

Key Concepts

  • What is the Red Flag Rule
  • Examples of red flags
  • Your red flags program
  • How to report red flags and related concerns

Program Experts

Scott began his career at a national law firm, representing the aerospace industry in large-scale environmental litigation.  Scott has since worked in nearly every phase of content, product and marketing production and has helped dozens of multi-national employers formulate and launch compliance training programs.  At Emtrain, Scott authors training content and frequently partners with outside subject matter and practice experts to produce content that is compelling, accurate and unexpected.

Course Features

  • Gives learners access to Emtrain experts for best practices on this topic
  • Course meets mandated training requirements of the Fair and Accurate Credit Transactions Act (FACTA) and the Federal Trade Commission (FTC) as it relates to all financial institutions and creditors
  • Tailored to include your branding and policy
  • Available in English