Regulatory Compliance

Regulatory Compliance

With years of experience in Offsite Storage and Records Management along with a clear understanding of new and existing laws, you can trust Business Data Record Services to provide secure storage and confidential shredding.

HIPAA/HITECH:

The Health Insurance Portability and Accountability Act (HIPAA) is a Federal law to prevent abuses of personal health information (PHI), including unauthorized access. Destroying all discarded patient information is a very important requirement of HIPAA/HITECH.

FACTA:

The Fair and Accurate Credit Transaction Act (FACTA) is a consumer rights bill that became effective June 1st, 2005. FACTA is a federal law designed to reduce the risk of consumer fraud and identity theft caused by improper disposal of consumer information.

GLB:

Gramm/Leach/Bliley (GLB) legislates that financial institutions design, implement and maintain safeguards to protect customer information. It also applies to companies which handle personal financial information. The GLB Act affects many types of businesses including, but not limited to: banking, legal profession, medical profession, accountants and CPAs.

SOX:

Sarbanes-Oxley (SOX) is the public company accounting reform and investor protection act. It was passed in response to high profile business failures, such as Enron and WorldCom, in order to reinforce investment confidence and protect investors by improving the accuracy and reliability of corporate disclosure.

Red Flag:

The Red Flag Rule requires creditors to develop and implement a written identity theft prevention and detection program.

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