Learn what compliance means for destruction of your business documents.
At A Shred Ahead, we see firsthand how paper shredding has become an essential part of properly managing sensitive and confidential documents. That’s because anyone dealing with corporate and customer files has to think about more than just storage and access – you also have to take into account increasingly stringent federal and state data privacy regulations.
From medical files and credit reports to financial statements and even routine credit card transactions, a web of legislation can potentially impact a huge number of the interactions between customers and businesses of all kinds.
The specifics vary from industry to industry, and state to state. The important thing to keep in mind is that no matter what business you’re in, the security of customer records is not something to take lightly. Failure to comply with the tightened regulations – whether through an actual data breach or in some cases just the possibility of unauthorized access – can bring severe penalties and heavy fines.
A plan that includes regular, comprehensive document shredding can ensure the integrity of the information you hold – and help you stay on the right side of the law.
“Most companies keep sensitive personal information in their files – names, Social Security numbers, credit card, or other account data – that identifies customers or employees… If sensitive data falls into the wrong hands, it can lead to fraud, identity theft, or similar harms. Given the cost of a security breach – losing your customers’ trust and perhaps even defending yourself against a lawsuit – safeguarding personal information is just plain good business.”
— Federal Trade Commission