Red Flag Test

Red Flag Test

The short Red Flag test below is provided to allow professionals interested in identity theft prevention and compliance learn about the Certified Red Flag Specialist™ (CRFS) designation. CRFS is the leading international identity theft prevention and compliance training and certification program which was designed in accordance with the comprehensive Red Flags Rule established by the US Federal government requiring companies to identify, detect and mitigate identity theft. The identity theft prevention guidelines and requirements provided by the Rule which are incorporated into the CRFS program can be applied by all international companies concerned with high costs and regulatory implications of identity theft. The following 10 practice questions will provide a flavor for the CRFS exam which includes 100 similar multiple choice questions. After you take this short test, the correct answers along with your responses will be e-mailed to you immediately.

If you enjoy this test, please share the link within your organization and consider becoming a Certified Red Flag Specialist™ (CRFS) by joining Identity Management Institute (IMI). Individual training for the exam is a self study program using the study guide which will be provided to all CRFS exam candidates. Group CRFS training and examination are also available from Identity Management Institute. As mentioned, the CRFS program is closely aligned with the US Federal regulation to ensure certified professionals are not only capable of helping their organizations prevent identity theft and reduce identity fraud costs but can also develop, implement and support any aspect of the identity theft prevention program for compliance purposes.

We thank you again for taking this test and hope you join the ranks of certified professionals at Identity management Institute (IMI).

You may also visit the CRFS page before taking the Red Flag test.

Red Flag Rule Practice Test

Please note that all fields followed by an asterisk must be filled in.

1) Which entity did not participate in the creation of the Red Flags Rule?*
1) Which entity did not participate in the creation of the Red Flags Rule?*

	FTC
	OCC
	SEC
	NCUA

2) The Red Flags Rule applies to all financial institutions and creditors?*
2) The Red Flags Rule applies to all financial institutions and creditors?*

	False
	True

3) The Identity Theft Prevention Program must be:*
3) The Identity Theft Prevention Program must be:*

	In writing
	Emailed to all employees
	Kept a secret
	Never revised

4) Who is the best person from the following list to approve the Identity Theft Prevention Program?*
4) Who is the best person from the following list to approve the Identity Theft Prevention Program?*

	CFO
	CEO
	Head of Fraud
	Chairman of the Board of Director

5) The Identity Theft Prevention Program must be revised monthly?*
5) The Identity Theft Prevention Program must be revised monthly?*

	True
	False

6) The FTC is responsible for monitoring compliance with the Red Flags Rule at all covered entities?*
6) The FTC is responsible for monitoring compliance with the Red Flags Rule at all covered entities?*

	False
	True

7) What is an identity theft red flag?*
7) What is an identity theft red flag?*

	Control
	Warning sign
	Desired event

8) The Red Flags Rule also applies to businesses operating outside of the USA?*
8) The Red Flags Rule also applies to businesses operating outside of the USA?*

	False
	True
	Depends

9) Which of the following is NOT an identity theft red flag?*
9) Which of the following is NOT an identity theft red flag?*

	Customer account dispute
	Invalid Social Security Number
	Account balance inquiry
	Multiple short interval address changes

10) The Identity Theft Prevention Program must be approved annually?*
10) The Identity Theft Prevention Program must be approved annually?*

	True
	False

11) Bonus Question - What is the main requirement of the Red Flags Rule?*
11) Bonus Question - What is the main requirement of the Red Flags Rule?*

	Identify & detect identity theft red flags
	Address discrepancy notice procedures
	Address change verification
	All of the above

First Name*
First Name*

Last Name*
Last Name*

E-mail Address*
E-mail Address*

Please enter the word that you see below.