Red Flags Rule: Identity Theft Prevention for Managers Training Course

The FTC Red Flags Rule requires certain financial institutions and creditors with covered accounts to establish and maintain an appropriate Identity Theft Prevention Program. This management-level training focuses on the governance, risk assessment, oversight, and reporting responsibilities involved in administering an effective program.

Rather than focusing only on frontline detection, the course helps managers understand how to establish, evaluate, maintain, and oversee an Identity Theft Prevention Program while addressing organizational vulnerabilities, employee training, service providers, and ongoing program effectiveness.

Training Objectives

By the end of this course, participants will be able to:

• Administer an Identity Theft Prevention Program
• Understand and apply the four required elements of an Identity Theft Prevention Program
• Conduct risk assessments based on organizational vulnerabilities and covered accounts
• Evaluate account-opening and account-access methods when assessing identity theft risks
• Ensure appropriate oversight of service providers involved with covered accounts
• Establish and document employee training requirements
• Monitor Red Flag detection and response procedures
• Periodically review and update the Identity Theft Prevention Program
• Understand annual reporting responsibilities to the Board of Directors
• Support management oversight of identity theft prevention and compliance activities

Course Overview

The FTC Red Flags Rule places important responsibilities on the management of organizations that are subject to its requirements. Compliance goes beyond asking frontline employees to recognize suspicious activity. Organizations must establish an appropriate Identity Theft Prevention Program, assess their risks, maintain effective procedures, and provide ongoing oversight.

This course provides managers and program administrators with a practical understanding of the four essential elements of an Identity Theft Prevention Program: identifying Red Flags, detecting Red Flags, responding appropriately, and updating the program. Participants learn how these elements work together to help organizations prevent and mitigate identity theft.

The training explains the role of risk assessment in developing an effective program. Managers learn to consider the types of covered accounts their organization offers, the methods used to open and access those accounts, and the organization's previous experience with identity theft. Changes in technology or account-access methods can introduce new vulnerabilities and may require organizations to review and update their existing procedures.

The course also addresses employee training and documentation. Managers are responsible for ensuring that employees receive appropriate training based on their roles and responsibilities and that training activities are properly documented. Effective oversight helps ensure that employees understand how to recognize and respond to Red Flags relevant to their work.

Service provider oversight is another important management responsibility. When outside service providers interact with covered accounts or perform functions related to an organization's Identity Theft Prevention Program, managers must understand the organization's responsibilities for ensuring appropriate compliance and oversight. Outsourcing a function does not eliminate the organization's need for effective oversight.

Participants will also learn about program administration and reporting responsibilities, including the requirement for appropriate management oversight and annual reporting to the Board of Directors concerning the effectiveness of the Identity Theft Prevention Program. The course emphasizes the importance of reviewing program performance, identifying areas for improvement, and ensuring that policies and procedures remain appropriate as risks and business practices change.

This training is designed for Program Administrators, department managers, compliance officers, senior management, and other personnel responsible for administering, overseeing, or approving an Identity Theft Prevention Program at organizations subject to the Red Flags Rule.

This program is available with Spanish and French closed captions.

Key Benefits

• Build management-level knowledge of the FTC Red Flags Rule
• Understand the four elements of an Identity Theft Prevention Program
• Learn how to conduct risk assessments based on organizational vulnerabilities
• Strengthen oversight of Red Flag detection and response procedures
• Understand employee training and documentation responsibilities
• Improve oversight of third-party service providers
• Learn why programs should be periodically reviewed and updated
• Understand management and Board reporting responsibilities
• Help establish stronger identity theft prevention practices
• Provide managers with concise, role-specific compliance training

Course Details

• Course Length: 11 minutes
• Language Options: English, Spanish, and French closed captions
• Progress Tracking: Included
• Mobile Compatible: Yes
• Participant Guide: Downloadable participant guide included
• Access: Streaming video on-demand access included with license
• LMS Compatibility: Compatible with your LMS or accessible via hosted LMS platform
• Year Produced: 2026
• SKU: AT237

Who Should Take This Course?

This management-level course is appropriate for:

• Program Administrators
• Department Managers
• Compliance Officers
• Senior Management
• Risk Management Professionals
• Financial Institution Managers
• Creditors with covered accounts
• Employees responsible for Identity Theft Prevention Programs
• Managers overseeing service providers connected to covered accounts

Why Red Flags Rule Training Matters

An effective Identity Theft Prevention Program requires ongoing management involvement. Organizations need to understand their vulnerabilities, establish appropriate detection and response procedures, train employees, oversee service providers, and periodically evaluate whether their program continues to address current risks.

For managers, understanding these responsibilities provides an important foundation for maintaining an effective program and supporting compliance with applicable Red Flags Rule requirements.