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Does your company keep sensitive data — Social Security numbers, credit reports, account numbers, health records, or business secrets? If so, then you’ve probably instituted safeguards to protect that information, whether it’s stored in computers or on paper. That’s not only good business, but may be required by law.
According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, your information security plans also should cover the digital copiers your company uses. If the data on your copiers gets into the wrong hands, it could lead to fraud and identity theft.Important: If you store your records with Iron Mountain Records Storage, we can save you 33% or more! Call us today for a quick no-obligation comparison.
The Federal Trade Commission (FTC) has developed these additional FAQs to help auto dealers comply with the Gramm-Leach-Bliley Act and the FTC’s Privacy Rule. The following questions and answers show how the Privacy Rule applies to specific situations that auto dealers may face. Before reading this, you may want to familiarize yourself with the FTC’s small business guide, How To Comply with the Privacy of Consumer Financial Information Rule of the Gramm-Leach-Bliley Act, and the Frequently Asked Questions for the Privacy Regulation. Other business guidance is available on the FTC’s website at http://ftc.gov/privacy/privacyinitiatives/financial_rule_bus.html.
Please note that this information does not address possible legal obligations you may have under the FTC Safeguards Rule, the Fair Credit Reporting Act, or other federal and state laws.
Does your Central Florida auto dealership have file cabinets packed full of old invoices, reports, payroll records, etc. etc.? Let us shred them for you for less than it would cost you to have your employees do it. We are experts in document shredding and document destruction for Ocala, Marion County, Florida, businesses.Important: If you store your records with Iron Mountain Records Storage, we can save you 33% or more! Call us today for a quick no-obligation comparison.
In an effort to protect the privacy of consumer information and reduce the risk of fraud and identity theft, a federal rule requires businesses to take appropriate measures to dispose of sensitive information derived from consumer reports.
Any business or individual who uses a consumer report for a business purpose is subject to the requirements of the Disposal Rule. The Rule requires the proper disposal of information in consumer reports and records to protect against “unauthorized access to or use of the information.” The Federal Trade Commission is the agency that enforces the Disposal Rule.
Among those who must comply with the Rule are:
- Consumer reporting companies
- Government agencies
- Mortgage brokers
- Automobile dealers
- Attorneys or private investigators
- Debt collectors
- Individuals who obtain a credit report on prospective nannies, contractors, or tenants
- Entities that maintain information in consumer reports as part of their role as service providers to other organizations covered by the Rule
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