Red Flags Rule Quiz

1. Who does the “Red Flag Rules” apply to?

2. When are the “Red Flag Rules” slated to take effect?

3. When were the “Red Flag Rules” originally slated to take effect?

4. What is a “Red Flag?”

5. What is a covered account?

6. Why is there a need for the “Red Flag Rules?”

7. What government agency regulates the “Red Flag Rules?”

8. Is the “Red Flag Rules” a law?

9. What are the penalties for a business that does not comply with the “Red Flag Rules?”

10. What size must a business be to fall under the “Red Flag Rules?”

11. What percent of small and mid-sized businesses that were hit with easy to perform cybercrime?

12. Explain how the “Red Flag Rules” will be enforced. 
 
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