Shredding confidential documents is a lot more than just common sense and good business. With more than 40 state and federal information destruction laws currently on the books, securely destroying confidential information is also the law!
Here are the three most important information security laws:
The Fair and Accurate Credit Transaction Act (FACTA) requires that any individual or business that maintains personal consumer information must take reasonable care to protect against unauthorized access to this information, and they must also destroy personal consumer information before it is discarded. For more information about FACTA click here.
The Health Insurance Portability and Accountability Act (HIPAA) sets national standards for the protection of personal health information. For more information about HIPAA click here.
The Gramm-Leach-Bliley Act requires that all financial institutions protect the confidential information of their clients. For more information about GLB click here.
Red Flags Rule
The Red Flags Rule was created by the Federal Trade Commission and the National Credit Union Administration to help prevent identity theft. For more information about the Red Flags Rule click here.
What To Shred?
You say you don’t have much confidential information that needs to be shredded? Think again! Here is a list of the type of information that absolutely should be shredded.