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FACTA Disposal Rule Recommends Businesses to Destroy Documents
Destroying Personal Consumer Information Is Key to Protecting Against ID Theft
Crimes
December 21, 2004/Itasca, Ill. - Nearly 10 million people last year were
victims of identity theft, according to the Federal Trade Commission. With
these crimes showing no signs of weakening, the FTC proposed recent regulations
entitled "Disposal of Consumer Report Information and Records," which were
drafted pursuant to section 216 of The Fair and Accurate Credit Transactions
Act of 2003, setting a consistent standard for disposing consumer report
information and records.
As identity theft continues to be a major threat to consumers in the United
States, there are certain basic steps that have become appropriate, in order to
prevent the crime from happening again and again, according to the FACTA
Disposal Rule. Destroying or shredding paper records containing consumer
information is generally recommended by the FTC, according to the new act.
Depending upon the volume of personal records, this method of destruction can
be accomplished easily with the purchase of a shredder.
"Identity theft is our nation's fastest growing crime, and as a result, the
demand for shredders has increased dramatically," said John Fellowes, shredder
marketing manager for Fellowes, Inc. "Fellowes even makes shredders that are
powerful enough to safely destroy compact discs as well as paper, accommodating
the need to destroy material stored electronically." Fellowes, Inc. the global
leader in shredders, recommends a cross cut shredder for the highest level of
document security.
For more information on the FTC ruling, visit
www.ftc.gov.
Click here for PDF version
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