How does your company protect employee data?
Identity theft has been reported as the fastest growing crime in our country and it continues to grow at an alarming rate. If you have ever been a victim or know someone who has been a victim of identity theft, then you can understand the devastating effect it has on the victim’s life.
For most victims, the theft is normally discovered when they are notified by a credit agency and/or law enforcement.
By the time the victim is notified, however, considerable damage has been done, jeopardizing their financial well-being and personal reputation.
Even worse, there are reports of victims having charges brought against them for crimes committed by others using the victims’ stolen identity.
Many federal agencies, including the IRS, United States Postal Service, SSA, and the Department of Homeland Security are conducting public outreach programs to communicate the legal obligation of companies to protect Personally Identifiable Information (PII) in an attempt to combat identity theft.
This nationwide crackdown on identity theft crimes requires everyone to actively protect PII, and employers are no exception.
This post is an excerpt from an article by Stephanie Salavejus, CPP, from the May issue of APA PayTech, a magazine by the American Payroll Association. Stephanie is the Chief Operating Officer at PenSoft.
The post Protecting Employee Data: Good Policy & It’s the Law appeared first on PenSoft Blog.
