Laws
SECURE SHREDDING LAWS
• Gramm-Leach-Bliley Act of 1999
“The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data.”
• Privacy Act
“The Privacy Act of 1974, as amended at 5 U.S.C. 552a, protects records that can be retrieved from a system of records by personal identifiers such as a name, social security number, or other identifying number or symbol. (A system of records is any grouping of information about an individual under the control of a Federal agency from which information is retrievable by personal identifiers).”
• Financial Services Modernization Act
“The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999 and commonly pronounced “glibba”, (Pub.L. 106–102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company.”
• HIPAA Health Information Portability & Accountability Act
“The Health Insurance Portability and Accountability Act (HIPAA) offers protections for millions of America’s workers that improve portability and continuity of health insurance coverage.”
• Economic Espionage
“Economic espionage is a problem that costs the American economy hundreds of billions of dollars per year and puts our national security at risk. While it is not a new threat, it is a growing one, and the theft attempts by our foreign competitors and adversaries are becoming more brazen and more varied in their approach. The FBI estimates that hundreds of billions of U.S. dollars are lost to foreign competitors every year. These foreign competitors deliberately target economic intelligence in advanced technologies and flourishing U.S. industries.”
• Act Trade Secret Protection
“The Uniform Trade Secrets Act (UTSA), published by the Uniform Law Commission (ULC) in 1979 and amended in 1985, was a uniform act of the United States promulgated in an effort to provide legal framework to better protect trade secrets for U.S. companies operating in multiple states. The UTSA aimed to codify and harmonize standards and remedies regarding misappropriation of trade secrets that had emerged in common law on a state-to-state basis.”
• Implied Contract Breach
“An implied-in-fact contract (A.K.A. “implied contract”) is a contract agreed by non-verbal conduct, rather than by explicit words. As defined by the United States Supreme Court,[1] it is “an agreement ‘implied in fact'” as “founded upon a meeting of minds, which, although not embodied in an express contract, is inferred, as a fact, from conduct of the parties showing, in the light of the surrounding circumstances, their tacit understanding.”
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