Facts About FACTA, Or What Does FACTA Mean To You And Your Company

Written by Steve Mueller

Ever heard of FACTA? Most of us would say “No”. Have you heard that you can get a free credit report? To that we would say, “Yes”. So you have heard of FACTA. But how does that affect me?

FACTA stands for Fair and Accurate Credit Transaction Act. The law went into effect Jan. 1, 2005. FACTA isrepparttar law which allows all Americans access to their credit report once per year. So what does that have to do with you?

On June 1, 2005, a new provision of FACTA went into effect. It says that any employer (even if you only employ one person) whose action or inaction results inrepparttar 140970 loss of employee information, can be fined by federal and state government, and sued in civil court. Bet you didn't know that. But you need to know, and need to know what you can do to protect yourself.

Small Businesses will be affectedrepparttar 140971 most.

‘"A small businessman who makes a mistake could bearrepparttar 140972 brunt of a regulation like this," says James Plummer, policy analyst at Consumer Alert, a non-profit group that focuses on a free-market approach to consumer regulations.’

If you don't shred and information gets out, there are penalties. But what if you do shred all potential employee information, and take all necessary precautions to protect your past, current, and future employees’ identities, andrepparttar 140973 information still gets out somehow? Under FACTA, you could still be held responsible.

You may not think information theft could happen to you, but neither did a lot of companies, universities, government institutions, and businesses that have had employee or customer information stolen from them that have been inrepparttar 140974 news lately:

Lexis Nexis University of Northern Colorado California State University (Chico) University of California – Berkeley University of Maryland Las Vegas Department of Motor Vehicles Bank of America Choice Point Weld County (CO) Employees (information stolen by an inmate while in jail)

How can you, as an employer, minimize your liability?

There are hundreds of things you can do to minimize liability, which are probably things you already do. Document shredding, careful screening of employees who will be coming into contact with personal information of customers and employees, physically locking file drawers with sensitive information, and setting up firewalls on computer equipment connected torepparttar 140975 Internet, among hundreds of other solutions, are all good ideas.

As Ben Franklin said, “An ounce of prevention is worth a pound of cure”, is definitelyrepparttar 140976 case when it comes to securing personal information. However, no matter what prevention steps you take, there is no 100% effective way to be sure that employee’s information won’t be compromised. Even ifrepparttar 140977 information doesn’t get out from your company, an employee can claim that it did.

Examining What Auto Accidents Are

Written by Mart Gil Abareta

An auto accident is one ofrepparttar leading causes of death inrepparttar 140947 world. It can happen due to several factors. When a car’s driver is drunk, his state can actually lead him to a serious accident. Alcohol intake makes one dizzy and sleepy that’s why he might end up in this incident. Also, people who don’t wear seatbelts can probably get into many accident fatalities. And worst, thousands of innocent pedestrians are killed in these accidents each year. And when you or your loved ones have been involved in such accident, you can ask for assistance from an auto accident lawyer if you plan to file a claim.

With your auto accident attorney, you can explore your legal options and knowrepparttar 140948 most appropriate action you can take. This will help protect your legal rights, too. Basically, an auto accident lawyer will make sure that you’ll receiverepparttar 140949 benefits that you truly deserve. Another good thing about these lawyers isrepparttar 140950 fact that they can actually evaluate you lawsuit with any charges. You don’t have to spend even a single penny duringrepparttar 140951 evaluation of your case tillrepparttar 140952 court proceedings. When you winrepparttar 140953 case, that’srepparttar 140954 only time when your attorney will ask you for service charges.

An exhausted driver behind a wheel can cause death or serious injuries to you and your loved ones. If this happens, don’t let you orrepparttar 140955 people you love suffer from their misdemeanors. Reckless drivers have to be held liable for their actions. Definitely, you haverepparttar 140956 right to receive proper compensation forrepparttar 140957 physical injury, emotional stress, medical expenses, financial instability, and many other dreadful effects thatrepparttar 140958 auto accident has caused you. It is possible for you to receive benefits that will cover medical expenses and damages for pain and suffering. You can find your auto accident lawyer in your area and you can easily find him throughrepparttar 140959 Internet.

Cont'd on page 2 ==>
ImproveHomeLife.com © 2005
Terms of Use