Identity Theft Prevention Program

Section 6.M – Identity Theft Prevention Program

As a result of the increasing instances of identity theft, the United States Congress passed the Fair and Accurate Credit Transactions Act of 2003 (FACTA) – Public Law 108-159. This amendment to the Fair Credit Reporting Act dictated that the Federal Trade Commission (FTC) promulgate rules to address identity theft. The rules promulgated by the FTC (Red Flag rules) requires any financial institution and creditor that holds any type of consumer account or other account for which a potential risk of identity theft exists to create and implement a written Identity Theft Prevention Program in order to tackle identity theft associated with new and existing accounts. The College shall develop, implement, administer and revise as appropriate an Identity Theft Program in accordance with FACTA guidelines to protect students and College employees from damages associated with the compromise of sensitive personal information.

All full-time employees and designated part-time employees must complete an online training course related to Payment Credit Industry (PCI) Compliance, Identity Theft Prevention, and Red Flag Rules as follows:

• The course and testing must be taken annually (each fiscal year).
• Annual training and testing for each fiscal year must be completed by May 30th.
• Employees will be allowed three attempts to successfully complete the training after which they must meet with the Vice President of Institutional Research and Technology
• New employees must complete the course and testing within three (3) months of employment.

The complete Vance-Granville Community College Identity Theft Prevention Program is  accessible to employees through the College internal website.

(approved July 16, 2018)