Laws & Regulations

Shred-MAX can help your company comply with these laws and regulations. Our shredding programs offer confidential, secure and reliable services.

What is FACTA?
The Fair and Accurate Credit Transactions Act of 2003 also known as the FACT Act was signed into law on December 4, 2003. In general, the Act amends the Fair Credit Reporting Act (“FCRA”). The Act contains a number of provisions intended to combat consumer fraud and related crimes, including identity theft, and to assist its victims. Specifically the act requires the destruction of papers containing consumer information. It is hard to imagine any business or organization that is not bound by this law.

For more information go to:
http://www.ftc.gov/opa/2004/11/facta.shtm

What is HIPAA?
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 regulates the healthcare industry in the United States, and assures that healthcare organizations will be responsible for the secure electronic transmission, secure storage and disposal of patient information.

For more information go to:
http://www.hhs.gov

What is the The Gramm-Leach-Bliley Act of 1999 (GLB)?
Mandates that financial institutions that obtain nonpublic personal information through the normal course of their business must develop precautions to ensure the security and confidentiality of customer records and information, and to protect against unauthorized access to or use of such records. This includes secure storage, disposal, and sharing of confidential information.

For more information go to:
http://www.ftc.gov/privacy/glbact/glbsub1.htm

Who must comply with the Gramm-Leach-Bliley Act?
Banking and credit issuing insurance stocks, bonds, and investing financial service providers.
What is the Uniform Trade Secrets Act (UTSA)?

Trade secret laws are rights granted by individual states. Michigan, has adopted the Uniform Trade Secrets Act. The act defines a trade secret as:

“Information, including a formula, pattern, compilation, program device, method, technique, or process, that: (i) derives independent economic value, actual or potential, from no being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.”

Another aspect of the definition of trade secret is that one must make “reasonable efforts” to keep the trade secret a secret. Formulas, compilations, and customer lists, should be made available to employees on a need to know basis, and should be kept in a secure place, not freely available to others.

The act outlines a number of remedies for violation of trade secrets including damages, injunctions, and attorney’s fees.

For more information go to:
http://www.law.upenn.edu/bll/archives/ulc/fnact99/1980s/utsa85.htm

What is the Privacy Act?
The purpose of the Privacy Act is to balance the government’s need to maintain information about individuals with the rights of individuals to be protected against unwarranted invasions of their privacy stemming from federal agencies’ collection, maintenance, use and disclosure of personal information about them.

For more information go to:
http://www.usdoj.gov/oip/privstat.htm

How can you protect yourself from identity theft?
Identity theft occurs when a criminal uses another person’s personal information to take on that person’s identity. Identity theft is much more than misuse of a Social Security number, it can also include credit card and mail fraud. Shred-MAX provides a secure document and information destruction service for our clients, that insures security and peace of mind, so you know that all your sensitive documents are disposed of properly.

For more information go to:
http://www.ssa.gov/pubs/idtheft.htm

What are the Supreme Court Rulings?
The Supreme Court has ruled that information in your trash is “fair game” to anyone. Privacy laws make you vulnerable to lawsuits when personal records are disclosed to outsiders, even by accident. The 1974 Federal Privacy Act was established to insure that government agencies protect the privacy of individuals, and businesses with regard to information held by them, and to hold these agencies liable if any information is released without authorization. Theft, vandalism and industrial espionage are becoming ever increasing security problems. Today’s information explosion can be devastating to your business. With the increased use of office copiers and computers, staggering amounts of sensitive information are being generated and carelessly discarded.

For more information go to:
http://www.economicespionage.com/EEA.html