FTC is getting tough – Shred or Else…

The Federal Trade Commission issued the Fair and Accurate Credit Transactions Act in 2003, a law aimed at minimizing the risk of identity theft and consumer fraud. In November 2004, the FTC added the FACTA Disposal Rule to enforce the protection and disposal of sensitive consumer data.

The FACTA Disposal Rule says that "any person who maintains or otherwise possesses consumer information for a business purpose" must destroy discarded consumer information, whether in paper or electronic form.

Who must comply?

Simply put, almost everyone. Any business (whether employing one or thousands) using consumer information in its everyday operations or storing personal data as a business, such as banks, lenders, insurers, auto dealers, real estate agents, employers and record management companies, must protect consumer information.

• The Federal Trade Commission (FTC) estimates that as many as 9 million Americans become identity theft victims each year.
• Personal credit ratings are the fastest growing form of consumer fraud.
• Research shows that most identity thieves obtain information through traditional paper-based sources rather than electronic channels.

The Shred Guy is here to protect YOU from identity theft. Our document destruction services provide individuals and businesses with the safest and most efficient way of preventing your confidential information from falling into the wrong hands.