Here at Neighborhood Parcel, you might have noticed a couple of acronyms floating around when we mention our shredding service, namely FACTA and HIPAA. These are federal laws that deal with identity information and the protection of said information; FACTA stands for the Fair and Accurate Credit Transactions Act, and HIPAA stands
The risks of personal identity theft are no secret, but many Massachusetts and New Hampshire companies are still unaware that business identity theft is a rising trend they need to be concerned about in addition to compliance with Privacy Laws. The problem for many businesses is that they don't know where or how fraud is happening, making it difficult to prevent.
Under the HIPAA Privacy and Security Rules, covered entities are obliged to observe proper methods of disposing protected health information (PHI), of any form. Appropriate measures of disposal are required to prevent and limit any unauthorized use and access to the information. Furthermore, covered entities handling electronic PHI are required to impose policies and procedures to facilitate the removal, termination and final disposal of PHI in electronic format including the storage media housing the information.