FACTA

The Fair and Accurate Credit Transactions Act (FACTA) is a federal law passed in 2003 which is a top priority for document managment centers. It applies to all American businesses that collect customer's personal information and is designed to protect consumers from the ever-increasing threat of identity theft. Furthermore, the law provides protection from "unauthorized access or use" of their private and potentially sensitive information.

In addition to the portiono of FACTA that protects the privacy of your private information, it also requires businesses that need/choose to dispose of data must appropriately destroy it by shredding, burning or pulverizing.