With the risk of identity theft ever on the rise, document shredding in Redlands vicinity is vital. Document shredding helps your business comply with three federal government acts that require businesses to dispose of personal information properly. These three Acts are: FACTA, HIPPA, and GLBA. FACTA is an acronym for The Fair and Accurate Credit Transaction Act. This Act applies to any business or person who has consumer information that is used for business. If you have this information, you are required to get rid of the information in a reasonable method that will prevent others from getting the information. The Act defines personal information to be more than a name. It includes • Social Security Number • Driver's License Number • Physical Address • Email Address • Phone Number HIPAA stands for The Health Insurance Portability and Accountability Act. This Act requires a health-care related company to have a policy that limits access to medical information by others. This includes medical history and future payment options as well as current medical information. It applies to all healthcare providers regardless of size. It also applies to any business, such as billing companies and collection agencies, which have access to those records. GLBA stands for The Gramm-Leach-Bliley Act. This Act is also commonly known as the Financial Services Moderation Act. It applies to any business that conducts financial transactions. It requires businesses to have a written plan about how they will share personal information of their consumers with other businesses. It requires the company to give the consumer an opt-out option. A basic understand of the Federal Laws FACTA, HIPPA, and GLBA is a must to protect your company. The laws require that you protect individual information and properly dispose of personal information through such means as document shredding in Redlands or Richmond.
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