Shades of Red: Redefining the Use of Red Flags in Cybersecurity and Insurance
In cybersecurity, several related but divergent meanings have been ascribed to the phrase “red flags”. The phrase has roots in fraud and insurance, popularized by the Federal Trade Commission as part of the 2003 Red Flags Rule under the Fair and Accurate Credit Transactions Act, requiring credit issuers to build programs that detect identity theft via warning signs of fraud.