At A Shred Ahead, we have seen firsthand how paper shredding has become an essential part of managing sensitive and confidential documents properly. This is 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 managing your compliance with increasingly stringent federal and state data privacy regulations. In today’s changing world, this need for security isn’t just limited to paper materials. It also extends to computer hard drives and more.
Compliance With State and Federal Information Security Laws
From medical files and credit reports to financial statements and even routine credit card transactions, a web of legislation can impact a huge number of the interactions between customers and businesses of all kinds. The specifics vary from industry to industry, and from state to state. The important thing to keep in mind is that no matter what business you are 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 and hard drive shredding as needed can ensure the integrity of the information you hold and help you stay on the right side of the law. Get the details on state and federal laws, and contact us when you are ready to set up a secure paper shredding program.
Security & identity Theft Fact Sheets Available for Download:
- The Fair and Accurate Credit Transaction Act (FACTA)
- The Gramm-Leach-Bliley Act (GLBA)
- The Health Insurance Portability and Accountability Act (HIPAA)
- Limiting Identity Theft
- The Red Flags Rule
“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