• The Gramm-Leach-Bliley Act (GLBA) of 1999 requires banking and financial institutions across the US to protect the confidentiality and security of consumer data.
  
  
• The Health Insurance Portability and Accountability Act (HIPAA) of 1995 requires that healthcare organizations across the US be responsible for the secure electronic transmission of patient information and the secure storage and disposal of that information.
  
  
• The Fair and Accurate Credit Transaction Act of 2003 (FACTA) added new sections to the federal Fair Credit Reporting Act, intended primarily to help consumers fight the growing crime of identity theft. Accuracy, privacy, limits on information sharing, and new consumer rights to disclosure are included in FACTA
  
  

New Jersey Identity Theft Prevention Act: Document Destruction, a brief summary
Most companies have internal document retention and destruction policies that dictate how long they retain customer records and how they dispose of records that are no longer used. Although the Act does not attempt to dictate businesses' document retention policies, it does dictate how companies must dispose of records containing "personal information" they no longer will retain. Specifically, the Act requires businesses and public entities to:
“11. A business or public entity shall destroy, or arrange for the destruction of, a customer's records within its custody or control containing personal information, which is no longer to be retained by the business or public entity, by shredding, erasing, or otherwise modifying the personal information in those records to make it unreadable, undecipherable or nonreconstructable through generally available means.”
As part of their best practices, New Jersey businesses are well-advised to incorporate this statutory language into their document retention and destruction policies, and follow the guidance provided by the Act. Companies that do not currently have document retention and destruction policies should consider drafting such policies in order to help them comply with the new law.

Read the full act: http://www.njleg.state.nj.us/2004/Bills/PL05/226_.HTM