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Fair and Accurate Credit Transactions Act (FACTA) compliance

The FACTA act protects “consumer information” and provides regulations to properly dispose of information and protect against unauthorized disclosure.

FACTA and Data Protection Regulations

  • Amends the Fair Credit Reporting Act, the federal law governing the use of credit reports
  • Requires banking agencies to adopt consistent and comparable rules applicable to the entities they regulate, requiring such entities to properly dispose of any consumer information
  • Requires banking agencies to adopt consistent and comparable rules applicable to the entities they regulate, requiring such entities to properly dispose of any consumer information

FACTA penalties for data breach & data loss

If your organization collects any sensitive information on current and former employees, job applicants, customers and vendors through credit checks, background checks, or other business investigations, you are required to make sure the information is 100% secure.

Any organization found in willful or negligent violation of FACTA regulations can be liable for federal fines of up to $2,500 per consumer, plus actual and punitive damages. States may also recover damages of up to $1,000 per violation.

How Remote Data Backups helps your online backup comply with FACTA’s Data Security and Privacy Laws

Remote Data Backups provides enterprise-level security and privacy of your sensitive data:

  1. Bank-level data encryption via user-chosen private key
  2. Automatic offsite data storage to two mirrored underground data centers, featuring world-class private facilities, equipment and physical security
  3. We can provide a Written Contingency Plan for data recovery
  4. Our online backup solution effectively eliminates the need to use transferable media such as USB, DVD, tape drives, etc. – the media most often responsible for data breach
  5. Trust Remote Data Backups’ reputation as industry leaders for over a decade, with free 24/7 phone support

Protect your data with Remote Data Backups. Click here to get started!

Questions? Give us a call at 1-866-722-2587.