Identity Theft Prevention Program

Policy No. CP005

Policy Statement

It is the policy of the Fashion Institute of Technology (the “college”) to comply with the requirements of the Federal Trade Commission’s Red Flags Rule, which was promulgated under section 114 of the Fair and Accurate Credit Transactions Act (“FACTA”). The Red Flags Rule requires financial institutions and creditors that hold covered accounts to develop and implement an Identity Theft prevention program for new and existing covered accounts. Under this rule, colleges and universities are considered creditors engaged in lending activities and deferred payment practices commonly associated with banks, finance companies, automobile dealers, mortgage brokers, utility companies, and telecommunication companies. 

This policy sets forth the actions that must be taken by the college and by certain supervisors and administrators to identify, detect, report, and mitigate incidents of Identity Theft in connection with new and existing covered accounts, which are used primarily for personal purposes and involve multiple financial transactions, or for which there is a reasonable, foreseeable risk from Identity Theft.

Who is Affected by this Policy

  • All college personnel who access, use or control personal identifying information in connection with a covered account.

Policy Information

  • Responsible Administrator(s): Vice President for Human Resource Management and Labor Relations; Vice President for Enrollment Management and Student Success
  • Responsible Office(s): Human Resource Management and Labor Relations; Enrollment Management and Student Success
  • Implementation History: Issued June 2009; Updated August 2019, November 2020, February 2024
  • Contact(s): Director of Records and Registration; Director of Human Resources 

View Official Policy

CP005, Identity Theft Prevention Program (.pdf)
*This PDF document is the official version of this policy.