Tuesday, March 15, 2005

Protecting Identity...New Rules for HR

You can never be too careful when it comes to protecting your employees from identity theft. Read on...

From HR Matters, March 15, 2005, Volume 7, No. 11

"Rev up your shredders – a largely ignored provision of the 2003 Fair and
Accurate Credit Transactions Act (FACTA) now requires employers to
dispose of consumer report and credit information "properly." Beginning
June 1, 2005, any person who maintains or possesses "consumer
information" must be prepared to dispose of these records in a way that
ensures that the information will not be improperly accessed or used.

This requirement is one of many provisions in FACTA intended to protect
consumer privacy and to prevent identity theft. So, if you receive a
credit report or any other investigative report regarding an applicant
or employee, you should have a plan to dispose of that information in
the future."

For a free download of the eight-point checklist, "Beyond FACTA," click here.
To get FACTA facts, go to privacy rights.org.

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