BRI can help organizations and individuals securely and economically comply with the FACTA disposal rule.
BRI provides locked security containers to store discarded consumer information until BRI’s bonded and insured personnel empty and promptly shred the contents. A Certificate of Destruction is then sent verifying that the work is complete. Pick up and delivery services are available.
Security containers are available . No need to remove plastic labels, paper clips, staples or binder clips. Your staff wastes no time shredding, creates no mess, no noise, no paper dust, and no bulky bags of shredded material to throw out. Placed in secure BRI containers, discarded consumer information is effectively destroyed.
Don’t let your company fall victim to unscrupulous dumpster divers! Insure the security of both your business and personal information with Black River Industries.
BRI will provide area businesses and individuals with high quality confidential paper shredding and provide employment for special needs adults in Taylor County.
Four Facts on FACTA (What You Need to Know)
1. The Fair and Accurate Credit Transaction Act (FACTA) is a new federal law designed to reduce the risk of consumer fraud and identity theft. The FACTA disposal rule requires the destruction of consumer information before it is discarded.
2. According to the FACTA disposal rule , “any person who maintains or otherwise possesses consumer information ” must take “ reasonable measures ” to prevent unauthorized use of the discarded information.
3. The disposal rule became effective on June 1, 2005.
4. Federal and state authorities may bring legal enforcement actions for each violation of the rule.
The Fair and Accurate Credit Transaction Act (FACTA), affecting virtually every person and business in the United States, is designed to reduce the risk of consumer fraud and identity theft.
One provision in particular, however, is devoted solely to the proper disposal of consumer information. Irresponsible information disposal has been cited in numerous fraud cases. Identity thieves frequently collect a wealth of personal data by rooting through the trash - an activity commonly referred to as “dumpster diving”.
When FACTA became law in December of 2003, Congress mandated that the Federal Trade Commission (FTC) develop a disposal rule.
Taking effect on June 1, 2005 , the FTC’s FACTA disposal rule mandates that “any person who maintains or otherwise possesses consumer information for a business purpose” must properly destroy the discarded information. An organization must "dispose of such information by taking reasonable measures to protect against unauthorized access to or use of the information in connection with its disposal ”.
Reasonable measures as defined by FACTA are “burning, pulverizing, or shredding of papers containing consumer information: or entering into “a contract with another party engaged in the business of record destruction to dispose of material, specifically identified as consumer information, in a manner consistent with this rule”.
Failure to comply with the FACTA law can result in substantial civil liability. Victims are entitled to recover their actual damages sustained as a result of a disposal rule violation and may also seek statutory damages of up to $1000 per violation - class action lawsuits could be in the millions of dollars in statutory damages. Furthermore, federal and state authorities may bring legal enforcement actions for each violation of the rule.