HIPPA
Gramm-Leach-Bliley
FACTA
HIPPA
Health Insurance Portability
and Accountability Act (HIPPA)
Privacy Regulations and Document Shredding - HIPAA compliance is not the place to cut corners.
- Green Country Shredding and Recycling will provide you with secure solutions to meet HIPAA requirements.
About HIPPA
The Health Insurance Portability and Accountability Act (HIPAA) enacted in 1996 includes provisions to safeguard the privacy of patient health records... The HIPAA rules apply to all protected health information whether it is kept electronically, on paper, or communicated orally. Hospitals, individual doctors, pharmacies, and other businesses involved in the healthcare industry must comply with the new HIPAA rules.
The final rule, Standards for Privacy of Individually Identifiable Health Information, was published December 2000. This rule implements the privacy requirements of the administrative simplification section of HIPAA. The standard requires that "covered entities put in place the administrative, technical, and physical safeguards to protect the privacy of protected health information." Although the rule does not prescribe the particular measures that covered entities must take to meet this standard, it does state some "examples of appropriate safeguards." One example is "requiring that documents containing protected health information be shredded prior to disposal."
Document Destruction, Inc. is currently working with organizations that fall under the mandates of HIPAA. As a member of the National Association for Information Destruction, Document Destruction, Inc. maintains high standards for Quality, Security and Service to assist you in meeting HIPAA security safeguards. To ensure that our clients meet HIPAA standards we provide on-site shredding services encompassing strict written procedures, an audit trail, and a Certificate of Destruction.
- Free Secure Collection Containers and comprehensive shredding programs
- On-site Services
- Fully insured Services
- Certificate of Destruction
- Custodial Audit Trail
The Gramm-Leach-Bliley Act (GLBA) of 1999
About the Gramm-Leach-Bliley Act
The Gramm-Leach-Bliley Act (GLBA) of 1999 requires banking and financial institutions across the United States to describe how they will protect the confidentiality and security of consumer information. The Gramm-Leach-Bliley Act of 1999 applies to the following: - Banks
- Credit Unions
- Securities Brokers
- Real Estate Appraisers
- Insurance Companies
- Automobile Leasing Companies
- Companies that operate travel agencies in connection with financial services
- Retailers that issue their own credit cards directly to consumers
- Other entities involved in financial activities
Violations of GLBA
If you are found non-compliant, you could be vulnerable to severe fines and even subject to class-action lawsuits. Take the following penalties into consideration: - Institutions can be subjected to civil penalties of up to $100,000 for each violation
- The officers and directors of the financial institution could be subject to, and personally liable for, a civil penalty of up to $10,000
- Possible imprisonment for up to five years
The Fair and Accurate Credit Transaction Act
FACTA is the Fair and Accurate Credit Transaction Act, a BRAND NEW federal law that just went into effect November 2004. It is designed to reduce the risk of consumer fraud and identity theft created by improper disposal of consumer information.
FACTA REQUIRES THE DESTRUCTION OF CONSUMER INFORMATION BEFORE IT IS DISCARDED. FACTA's rule applies to any of the following: - Any employer
- Lenders
- Insurers
- Landlords
- Government agencies
- Auto dealers
- Mortgage brokers
Potential severe penalties await violators: - Civil liability...$1000 in statutory damages per offense
- Courts are allowed to award punitive damages in addition to statutory damages
- Class action...if more than 1000 people were affected
- Federal enforcement...action brought in federal court which includes up to $2500 per violation
- State enforcement...may recover $1000 per violation
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Last Updated on Monday, 30 June 2008 03:52 |
