Covered Accounts Identified
- Business Activities System Support and Admin Services
- Campus Mail Service
- Capstone Village Accounting
- Contracts and Grants
- Financial Aid
- Furnishing and Design
- Housing
- Human Resources
- Procurement
- Student Account Services
- Student Health Center
- Supply Store
- Undergraduate Scholarships
- University Medical Center
- University Recreation
- Veterans and Military Affairs
Definition
The definition of a “covered account” is promulgated by the following regulatory agencies: Federal Trade Commission (FTC) 16 CFR 681.2; Department of the Treasury Office of the Comptroller of the Currency (OCC) 12 CFR 41.9; Federal Reserve System (FRS) 12 CFR 222.9; Federal Deposit Insurance Corporation (FDIC) 12 CFR 334.9; Department of the Treasury Office of Thrift Supervision (OTS) 12 CFR 571.9; National Credit Union Administration (NCUA) 12 CFR 717.9.
A “covered account” means:
(i) an account that a financial institution or creditor offers or maintains, primarily for personal, family, or household purposes, that involves or is designed to permit multiple payments or transactions, such as a credit card account, mortgage loan, automobile loan, margin account, cell phone account, utility account, checking account, or savings account: and
(ii) any other account that the financial institution or creditor offers or maintains for which there is a reasonable foreseeable risk to customers or the safety and soundness of the financial institution or creditor from identity theft, including financial, operational, compliance, reputation or litigation risks. With respect to section (ii) above, the University’s departments will take into consideration the methods they provides to open and to access their accounts, and their previous experiences with identity theft.
The University will evaluate its accounts and customer relationships to update this list periodically as required by the regulations.