Regulations
As a member of the National Association for Information Destruction (NAID), we are constantly apprised of changes in regulations. Our experience and the depth of our team allow us to act quickly to and respond to these changes, ensuring that the services we provide are completely compliant.
Many customers are in possession of far more sensitive information than they realize. A myriad of laws and regulations require businesses to go the extra mile to protect confidential information. Our experience, attention to detail and membership in key industry associations help us ensure compliance with crucial legislation and regulations.
Take the time to look at the links below as not all customers are fully aware of the laws and guidelines that apply to them.
- Fair & Accurate Credit Transactions Act (FACTA)
A new federal rule will require businesses and individuals to take appropriate measures to dispose of sensitive information derived from consumer reports. Any business or individual who uses a consumer report for a business purpose is subject to the requirements of the Disposal Rule, a part of the Fair and Accurate Credit Transactions Act of 2003 (FACTA)
(Source: http://www.ftc.gov/opa/2005/06/disposal.shtm) - Red Flags Rule
Under the Red Flags Rules, financial institutions and creditors must develop a written program that identifies and detects the relevant warning signs – or “red flags” – of identity theft.
(Source:http://business.ftc.gov/documents/alt050-new-red-flag-requirements-financial-institutions-and-creditors-will-help-fight-identity)
- Gramm-Leach-Bliley Act (GLB ACT)
The Financial Modernization Act of 1999, also known as the "Gramm-Leach-Bliley Act" or GLB Act, includes provisions to protect consumers’ personal financial information held by financial institutions. There are three principal parts to the privacy requirement.
(Source:http://www.ftc.gov/privacy/privacyinitiatives/glbact.html)
- Sarbanes-Oxley Act (SOX ACT)
The Act mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud
(Source:http://www.sec.gov/about/laws.shtml#sox2002)
- The Health Insurance Portability and Accountability Act (HIPAA)
The HIPAA Privacy Rule provides federal protections for personal health information held by covered entities and gives patients an array of rights with respect to that information.
(Source:http://www.hhs.gov/ocr/privacy/hipaa/understanding/index.html)