Thursday, June 02, 2005

FACT Act In Effect

Regulations relating the FACT Act come into effect on Wednesday, June 1.

Given the fact that the reports of identity theft and loss of personal information by large companies appears to be increasing, the regulations seem timely and relatively unobjectionble.

All employers must actively destroy, in a way that makes them unreadable, before discarding, information about employees if that information was received from credit reporting agency. Shredding is the preferred method, but not the only one. The rule also applies to computer hard drives and disks -- potentially a bigger risk that everyday trash.

Shredding, should of course, be a part of every business' routine operation, for their own security, if not their employees.


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8:59 AM  

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