Tuesday, February 21, 2012

ID Theft Protection

Is Your Company in Compliance with ID Theft Law?

If you collect and store information of your clients or employees, information like names, addresses, Social Security numbers, bank or credit card numbers or other account data you must have certain procedures in place to protect that information. If this information gets into the wrong hands it can lead to fraud or Identity Theft.

The Federal Trade Commission(FTC) estimates that as many as 9 million Americans have their identities stolen each year. You and your business may already be a victim and not even know it! In fact it could take years for you to discover that your Identity has been stolen.

Failure to safeguard the PII that you collect on your employees and your customers could expose you to lawsuits or enforcement actions by state or federal regulators.


Federal and state governments have passed many laws to help protect Personal Identity Information (PII) including:
  • Fair and Accurate Credit Transaction Act (FACTA)
  • Federal Trade Commission Act
  • Gramm-Leach-Bliley Act
  • HIPAA/HITECH
  • Individual State Data Security and Identity Theft Laws
Who Must Comply?
These laws affect virtually all businesses. Your business may be subject to data security protection laws if:
  • You employ one or more people
  • Your business keeps PII on file for customers or employees (including name, address, Social Security number, date of birth)
  • Your business accepts credit cards for payment
  • You buy or sell products on the Internet
  • You do a credit or background check on potential employees or customers.
Compliance is the Law not an option

This not only is the law but it makes good sense. Your customers and employees will thank you for protecting them.

What Can Happen?


Given the cost of a security breach – government fines, time and money spent in litigation, and the loss of customer trust in the company – safeguarding customer information just makes good business sense. When you show customers and employees you care about the security of their personal information, you increase their confidence in your company.

What Should You Do?

We have a program setup through our sister company American ID Theft Protection LLC that has an inexpensive "one -time" program that will protect your company and you individually from serious and extensive lawsuits. Please call me at 610-743-8308  or send me an email at roy@americanidtheftprotection.com and I can explain how I can help you for an inexpensive and permanent method to protect you your employees and your clients from the nightmare that can happen when their identity is stolen.

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