In the process of recruiting, hiring, firing and just running a business, employers accumulate a large amount of personal data from applicants, employees and business associates.
Prior to the computer age, this information sat harmlessly collecting dust in file cabinets. But there is no dust in cyberspace. And all the locked cabinets in the world won’t keep determined hackers out of company computers.
How must you respond? Florida law requires employers to take reasonable steps to safeguard such personal data. You also must report any security breaches to the affected individuals and credit reporting companies once a breach is discovered.
On the federal level, the four-year-old Fair and Accurate Credit Transactions Act (FACTA) says businesses that negligently or purposely allow an employee’s or customer’s personal data to fall into the wrong hands can face fines of up to $2,500 per infraction. This may seem like a sma...(register to read more)