NewswireTODAY - /newswire/ - Philadelphia, PA, United States, 2007/02/01 - Identity theft is the fastest growing crime in America. The Facta Law, passed in June of 2005 gives great liability to companies that have their information compromised. There is protection from this risk.

On June 1, 2005 landmark legislation was passed that gives financial liability to businesses for identity theft. Unfortunately most business owners have no idea of the level of liability that FACTA LAW has established for them. If a company has employees that have their information compromised, the financial consequences can be devastating to their bottom line. A local Philadelphia company has embarked on a mission to educate business owners of the risk involved with the Facta Law and identity theft.

A prime example of what "can" happen is illustrated by the recent V.A. loss of records and the subsequent political and financial fallout. Some top executives have lost their jobs and those individuals whose records "may" have been compromised are calling for financial damages.

'With unlimited statutory damages [under FACTA] this is a litigator's dream,' says Thomas Hefferon, Partner at Goodwin Proctor LLP.

"It's too easy to get to data no matter what the key is, from insiders or hackers or mistakes," said Jody Westby, head of the security and privacy practice at PricewaterhouseCoopers LLP. "What we have to do is make it harder to use the data."

Proactive measures are offered that eliminate the FACTA LAW risk factor completely with regard to financial liability for the company. You can find this information simply by inserting FACTA LAW as a search term on Google™, MSN® or any of the major search engines. Their information can be found under the heading How Facta Impacts Your Business. The strategy that they offer is simple yet comprehensive and can be implemented by clicking on the banner on their site. In this world of Identity Theft and FACTA LAW liability, every business should take a very close look. There is no better protection on the market.

Agency / Source: Advanced Progressive Solutions

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