FACTA Checklist
Once you know what FACTA is, the next question your company needs to answer is
- Are you liable under the new provision? To find out, take the following quiz
by checking any of the items that apply to you or your business.
-
Are you an individual or business owner that collects information about your
customers?
-
What kinds of information do you collect?
-
Names
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Addresses
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Social security numbers
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Phone numbers
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Credit history
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Employee history
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Phone numbers
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E-mail addresses
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Credit card numbers
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Bank account information
-
How do you destroy that information once you are finished with it?
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Throw out/Recycle
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Shred
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Send it out to be destroyed
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Don't throw out, keep everything
Most businesses keep some sort of personal information on file, but the real
question is how do you dispose of the information once you are done with it? If
you answered, "Shred" or "Send out to be destroyed" in question three then your
business is on the right track. The truth is, FACTA covers virtually every
business in the country, and your company needs to be prepared to protect your
customers' identities.
But what do you need to do? Read the related articles to learn more.
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