Why Shred?
The most important reason to shred all of your business papers that contain confidential information is to prevent trouble for your customers or clients. You may need information such as individual bank account numbers, social security numbers or even health information to properly do your job. However, if that information gets into the wrong hands then it can be used for illegal purposes including the growing problem of identity theft. Ethically, your customers and clients are counting on you to protect the information they entrust to you.
In addition to the ethical considerations, there are legal reasons that you need to closely protect this information. The federal government alone has over 40 laws pertaining to the protection of confidential information. Some of the laws such as the Fair and Accurate Credit Transaction Act (FACTA) apply to all businesses that maintain personal consumer information. Other laws apply to specific industries. The penalties for not complying with these laws can be significant fines and expensive lawsuits.
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Finally, there are business reasons to properly dispose of confidential information. Individuals frequently hear about identity theft in the news. Several million individuals in the United States are victims of identity theft every year and the impact on their lives is often staggering. The public is concerned. If people are concerned about whether their information will be safe with you then they are unlikely to do business with you. Worse yet, if there is a breach of security and confidential information is either compromised or worse yet results in an identity theft then the media is likely to report on it. That sort of publicity can make it hard for a company to stay in business.
While properly shredding and disposing every piece of paper with confidential information may seem like an insurmountable task, it is what is required of you ethically and legally. It is also critically important in order for you to maintain a good business reputation. The task can be properly managed by companies that are experts in the field. This will relieve the burden from you and free you up to conduct the business in which you are the expert. If you have confidential information that needs to be properly destroyed and disposed, contact one of the NY shredding services and see the difference they can make for your company.
