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. Having a professional shredding service can provide the necessary documentation to protection you against prosecution.
At the federal level, three important laws 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 laws provide for stiff penalties for companies found to be in violation.