Serious issues like identity theft, anti-burning laws, and industrial espionage have increased the demand for proper shredding of personal and business documents that contain sensitive information. In fact, to protect consumers and organizations from the problems caused by improper handling and disposal of confidential files, congress passed several document shredding laws. Here are some major statutes related to it:
Economic Espionage Act of 1996
If you want to protect your trade secrets, it’s better to work with a reliable Los Angeles shredding service provider to ensure that no corporate spy can get his hands on your business records. Take note that even if your company’s trade secrets are acquired by a competitor, this law can only help you if you are implementing the right protocol. So if you simply toss your trade secrets in the trash, don’t expect to fully recover from the damages brought about by economic espionage.
Health Insurance and Portability and Accessibility Act (HIPPA)
Doctor-patient confidentiality isn’t the only aspect of healthcare governed by a code of ethics and rules. The HIPPA mandates healthcare institutions to correctly dispose of files with private patient information. Failure to comply with the guidelines stipulated by the HIPPA can result in costly penalties and even closure of an establishment.
The Gramm-Leach-Bliley Act (GLBA)
Oftentimes all it takes for an identity thief to commit credit card fraud is a person’s name and account number. The GLBA is enforced to safeguard financial information. It requires financial institutions, such as insurance companies and banks, to come up with an effective and foolproof information security program which includes document shredding or destruction.
Fair and Accurate Credit Transactions Act of 2003 (FACTA)
The Federal Trade Commission (FTC) is tasked to enforce this law, which aims to reduce identity theft and protect its victims. The FACTA requires businesses to destroy documents that contain consumer information to a point where it can never be reconstructed or read. Organizations without a reliable process of document destruction can be subject to penalties or litigation.
It would be wise to find an established Los Angeles shredding service provider to ensure that your company is in compliance with the various document shredding laws enumerated above. You can depend on their competent professionals to assist and guide you along the way. For more on this topic, you can visit ehow.com/list_6309294_document-shredding-laws.html.
Laws Regarding Document Shredding in Los Angeles Every Busin