Privacy Regulations

THE FACTA DISPOSAL RULE MAKES PROPERLY SHREDDING YOUR DOCUMENTS A MUST

Here’s what you should know about the Facta Disposal Rule (2005)

• Designed to reduce the risk of consumer fraud and identity theft created by improper disposal of consumer information
• Applies to everyone – every person and every business in the U.S.
• You “must properly dispose of such info by taking reasonable measures to protect against unauthorized access to or use of the info in connection with its disposal”
• Penalties for refusal to comply

KNOW THE RULES SO YOU CAN BE PROTECTED

• The Health Insurance Portability & Accountability Act (HIPAA) applies to all protected health information
• The Standard for Privacy of Identifiable Health Information
• The Gramm-Leach-Bliley Act (1999), also known as the Financial Services Modernization Act, requires that consumers be given notice before and a chance to opt out of the sharing of their personal info
• Federal Privacy Act of 1974