Privacy protection is a matter of law. Each of us is required by federal law—and increasingly by state and local mandates—to protect certain types of information. Secure, on-site document destruction allows you to be compliant with these laws.
At the federal level, four important laws or regulations require specific safeguards to ensure confidentiality.
- Health Insurance Portability and Accountability Act (HIPAA)
- Gramm Leach Bliley Act, also known as the Financial Modernization Act of 1999
- The Fair and Accurate Credit Transactions Act of 2003 (FACTA)
- Red Flags Rule
All four areas provide for stiff penalties for companies found to be in violation.