The Fair and Accurate Credit Transactions Act (FACTA)
The Fair and Accurate Credit Transactions Act (FACTA) was put into place to protect and penalize from identity theft and consumer fraud. This federal legislation is administered by the Federal Trade Commission (FTC) who put in place the FACTA Disposal Rule “which puts in place requirements for proper document disposal and destruction, and recognizes the problems that can and do arise when private information is disposed of in an irresponsible manner.”
Private information, under FACTA, means “all personal identifying materials which extend beyond just a person’s name”, including:
In order to adhere to the FACTA Disposal Rule, businesses and individuals need to ensure that information is not vulnerable to theft or fraud by taking “reasonable measure”, such as burning, pulverizing, or shredding, to securely destroy and dispose of private information. Failure to abide to the FACTA can result in stiff penalties or even legal action from the victim or federal and state authorities.
Shredding Fulfills FACTA Requirements
Patriot Shredding is serious about security and the fight against identity theft and consumer fraud, that’s why we are FACTA compliant. Patriot Shreddingupholds the highest level of professionalism to prevent identity theft, consumer fraud, and your information’s security.
We offer shredding services like on-site and off-site shredding, one-time shredding, ongoing scheduled shredding, or adding a locked shred bin-Patriot Shredding has the secure shredding services for your business.