Is your company in Louisville compliant with all of the Privacy Laws? Did you know that you’re not only responsible for the privacy of your business, but also the privacy of your clients? The government is fining businesses of all sizes thousands of dollars for even the smallest of violations, most of which can be cured with professional paper shredding. Here are some of the Privacy Laws you need to be aware of.
Please call us if you have any questions about these, or any other privacy issues.
FACTA – Fair and Accurate Credit Transactions Act: The Fair and Accurate Credit Transactions Act of 2003, also known as the FACT Act, was signed into law on December 4, 2003. The Act contains a number of provisions intended to combat identity theft and consumer fraud and related crimes. The act requires the destruction of papers containing consumer information. This law binds virtually every business or organization.
HIPPA – Health Insurance Portability and Accountability Act: Health Insurance Portability and Accountability Act of 1996 (revised by Congress in 2000) is a federal law that governs the handling of confidential medical and personal information and records. Civil and Criminal penalties, as well as fines, may result from the inadvertent disclosure of personal information. All company’s that handle medical and personal information must be in compliance with the federal standards by April of 2003.
Gramm-Leach-Bliley Act (GLB) – Financial: Gramm-Leach-Bliley Act of 1999, which went into effect in July of 2002, governs the handling of all personal information. Much broader in scope than HIPPA, this law was designed to compel financial institutions to “respect the privacy of its customers” and mandates that all financial institutions establish procedures for protecting personal information, including the protection of discarded information.