Identity Theft Penalty Enhancement Act

H.R. 1731 was enacted in 2004 and established penalties for aggravated identity theft or identity theft in connection with the commission of a felony. Under the offenses established under the act, it states “Whoever, during and in relation to any felony violation enumerated in subsection (c), knowingly transfers, possesses, or uses, without lawful authority, a means of identification of another person shall, in addition to the punishment provided for such felony, by sentenced to a term of imprisonment of 2 years.”

As much as 70% of all identity theft cases involve people inside companies. As a business, if you're irresponsible with your customers information, you can be responsible for the aftermath of a stolen identity.

  • Fraudulent charges now average more than $90,000 per name used.
  • Nearly 85% of all victims find out about their identity theft case in a negative manner.
  • The average time spent by victims is about 600 hours.
  • While victims are finding out about their cases earlier, it is taking far longer now than before to eliminate negative information from credit reports.
  • A large majority of respondents indicates the opening of a credit card (73%) or takeover of a card account (27%) to be among crimes committed.
  • The emotional impact of identity theft has been found to parallel that of victims of violent crime.

Does the Identity Theft Penalty Enhancement Act Apply To You?
H.R. 1731 was created specifically to punish anyone who misuses information. It affects ALL U.S. Residents.

Does the Identity Theft Penalty Enhancement Act Have Teeth?
Anyone caught and convicted will receive anywhere between 2 to 5 years of imprisonment. Additionally, there is a clause that states “a court shall not place on probation any person convicted of a violation of this section;”

What To Do?
Even though you trust your employees, take precautionary measures to safeguard your customers data. With Smarter Shredding, we give you secure document bins that help you to safeguard sensitive data – free to use. Don't worry about if someone has stolen customer information between regularly scheduled shredding services.

Call Smarter Shredding at (844) 392-7473 To Speak To A Professional or Schedule Service

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Your organization must comply with laws and regulations, requiring that it protect certain information when it is discarded.

An increasing number of laws actually require organization to shred or face steep fines.
Fraudulent charges now average more than $90,000 per name used.
Why Shred? Protect Your Reputation Protect Yourself

State Laws

Texas Shred Law (HB 698)

Federal Laws

Check 21 EEA FACTA FERPA GLB HIPAA Identity Theft Penalty Enhancement Act SOX
CEO's #1 Fear? Severely Damaged Reputation from a Security Breach
Doing Nothing = Negligence. This opens the door to class action lawsuits and massive punitive damages.
It's The Law. You cannot throw away expired documents under Texas Shred Law and Federal Law. You will be publicly exposed and hit with massive audits and fines.