Over the past decade we have seen a significant increase in the security measures taken in not only the medical field but in other business sectors to protect individual privacy. These measures have helped fuel the shredding industry. It is extremely important for Condor Document Services to comply with all the regulatory policies and procedures. With laws such as FACTA, which applies to almost every person and business in the United States, it is critical that individuals meet requirements or they risk potentially severe penalties. FACTA requires the destruction of all consumer information before it is discarded. By following the NAID requirements Condor Document Services ensures that your information is handled in compliance with FACTA.
Using Condor Document Services not only complies with the FACTA law but is the preferred method of disposing of health information which falls under the HIPAA and HITECH laws.
What is FACTA?
The Fair and Accurate Credit Transaction Act is a new federal law designed to reduce the risk of consumer fraud and identity theft created by improper disposal of consumer information. FACTA applies to virtually every person and business in the United States.
What is HIPAA?
The Health Insurance Portability and Accountability Act (HIPAA) is a Federal Law to prevent abuses of personal health information (PHI), including unauthorized access. It is administered by the U.S. Department of Health and Human Services (HHS) and it is enforced by the U.S. Office of Civil Right. To learn more about Health Information Privacy click here.
What is HITECH?
The Health Information Technology for Economic and Clinic Health has been effective since February 2011 and included several changes to HIPAA including mandatory fines, data breach notification rules, investigations, a new Business Associates Agreement and destruction policies. To learn more about HITECH click here.
What is Texas Shred Law 698?
Texas Shred Law 698, The Texas Information Disposal Act, House Bill 698 (HB 698), amends the Texas Business and Commerce Code. Document retention and disposal requirements that require businesses to shred, erase or destroy by other means prior to disposal all business records with "personal identifying information." The act applies to information whether it is from consumers or employees and covers all records created before, on or after the effect date of the act. This act specifically covers destruction, requiring that any and all information that could be used to commit the crime of identity theft be securely destroyed. This includes destruction of Social Security numbers, government issued identification numbers, financial account numbers, birth dates, email addresses and other information.
What is GLB?
Gramm-Leach-Bliley Act places significant restrictions on the use of customer information by those in the financial industry. These restrictions recognize that non-public personal, financial and health information must be safeguarded and include proper disposal procedures. To learn more about Gramm-Leach-Bliley Act click here.