What Happens if I Don’t Comply with the Disposal Rule?
The consequences of neglecting to adhere to FACTA’s disposal rule can result in federal monetary penalties of up to $2,500 per violation. However, there is the potential for state penalties of $1,00 per affected individual as well as civil or class action lawsuits. Depending on the severity of the situation and the resulting ruling, the final cost may register in the millions once attorneys’ fees and damages are factored in on top of the state and federal fees.
How Can I Ensure FACTA Compliance?
FACTA compliance goes beyond just paper files. More and more company data is being stored digitally, meaning that there is a risk of a data breach once your computers have reached the end of their lifespan. To avoid this, it is best to hire a hard drive disposal service to shred and recycle all of your hard drives to completely protect every aspect of your data.
At the end of the day, the only way to fully guarantee that all of the confidential information in your care has been properly protected, regardless of format, is to invest in a mobile shredding company such as PROSHRED® Houston. The team at PROSHRED® has the equipment and the knowledge to ensure that all of your document disposal practices adhere to all rules and regulations, whether it’s FACTA, HIPAA, or local legislation.
With our ISO 9001 and NAID AAA certifications, you can rest easy knowing that you will never have to worry about compliance issues regarding your information disposal processes again. Contact PROSHRED® Houston today to get started!