Security Compliance Regulations
We understand and adhere to ALL of the Security Compliance Regulations listed below as an On-Site Secure Document Destruction Shredding Company. We take these regulations very seriously and understand the consequences of any type of breach. Our Business Partners trust us with their most sensitive information because of our honesty and integrity. Every listing below utilizes Document Destruction is some form. “Security is our Business”.
Security Compliance Regulations
Many state and federal laws govern the protection of privately held information. The rules and regulations that are set in place restrict various industries and sectors from releasing confidential information. Any breach of such data either intentional or accidentally, can and could be grounds for a lawsuit which can cost an organization millions of dollars in damages. A reliable On-Site Secure Document Destruction Company can protect sensitive documents from being stolen and keep you compliant with these privacy laws.
Regulatory Compliance Listing
Laws – Protection – Rules – Regulations – Security FACTA:
The Fair and Accurate Credit Transaction Act of 2003 A United States Federal Law, passed by the United States Congress on November 22, 2003, and signed by President George W. Bush on December 4, 2003, as an amendment to the Fair Credit Reporting Act. According to the rule, any person who possesses consumer information for a business purpose, must properly destroy such information and document shredding is a reasonable way to destroy information.
The Health Insurance Portability and Accountability Act of 1996 This was passed by the United States Congress in 1996 which has a Privacy Rule establishing national standards to protect medical and health information and also institutes safeguards and sets limits and conditions on the uses and disclosures that may be made of such information without any patient’s authorization.
Economic Espionage Act of 1996 The First Federal Law that aims to both broadly define and severely punish misappropriation and theft.
Data Security for Government Agencies
Federal Privacy Act of 1974
A United States Federal Law, prohibits the disclosure from a system of records absent the written consent of the subject individual, unless the disclosure is pursuant to one of twelve statuary exceptions. Government agencies protect the privacy of individuals and businesses with regard held by them and to hold these agencies liable for any information released without authorization.
Regulation for the Education System
Family Educational Rights and Privacy Act of 1974 This Federal Law protects the privacy of student’s educational records and applies to ALL schools that receive Federal Funding under an applicable U.S. Department of Education program. The FERPA program gives parents certain rights with respect to their children’s education records and these rights transfer to the student when he or she turns 18 years of age or, continues a higher education after high school.
Financial Institution Laws
The Gramm-Leach-Bliley Act – (Also known as The Financial Modernization Act of 1999)
This Federal Law enacted in the United States to control the ways that financial institutions deal with the private information of individuals such as: Social Security numbers, credit reports, financial account numbers, passwords to banking accounts, ATM cards, personal assets and the like. Severe harm and huge losses form Identity Theft have caused the Federal Government to create mandates to prevent any negligence of sensitive personal information.
Sarbanes Oxley Act (SOX ACT):
Enacted July 30, 2002 – (Also known as the “Public Company Accounting Reform and Investor Protection Act”) To protect investors from the possibility of fraudulent accounting activities by corporations. The SOX ACT mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud. It expanded Federal white-collar laws criminalizing the destruction of certain corporate communications and documents.
The Securities Exchange Act of 1934 A Government Commission created by U.S. Congress with goals for protecting investors, maintaining fair and orderly functioning of securities markets, and facilitating capital formation. As a tool for bolstering law compliance, the SEC brings numerous civil enforcement actions against firms and individuals that violate securities laws each year. Typical offenses prosecuted by the SEC include accounting fraud, dissemination of misleading or false information, and insider information.