The trade group for companies that provide document destruction finds that companies want tougher rules on disposing of old personal data:
PHOENIX, May 30 /U.S. Newswire/ -- The vast majority of business executives say that a one-year old federal law requiring companies to destroy certain documents containing consumer credit information does not go far enough, according to a survey commissioned by the National Association for Information Destruction (NAID).
The first-ever survey on information disposal comes on the one year anniversary of a provision in the federal Fair and Accurate Credit Transaction Act. The so-called FACTA Final Disposal Rule, which took effect June 1, 2005, requires most businesses to first destroy documents containing consumer credit information before discarding them.
Other key findings:
- 77% of business executives do not know what their companies do to ensure the destruction of information on obsolete computers.
- 11% of businesses indefinitely stored retired computers because they aren't aware of proper disposal methods permitted under the law.
- 63% of businesses that currently shred discarded information do it themselves with the remaining 37% relying on outside security shredding companies.
- AP story