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Secure document shredding business practices

Secure document shredding business practices

Identity theft is when some miscreant steals your private information like social security number or credit card number with the intention of doing some fraudulent activities. In 2008, there were over 10 million Americans who became victims of identity theft. With this as the backdrop, you would naturally want to protect your identity and all information related to your personal life under top security. The only way you can achieve this is if you rely on document shredding – not just for your own safety and security but also that of your organization. Every business owner wants to ensure that he implements best business practices. Document shredding is an important step towards realizing this corporate objective.

What are the different types of frauds that plagued Americans in 2008? According to Federal Trade Commission, there were six types of frauds including credit card, government fraud (including tax, social security as well as drivers’ license), employment fraud, bank fraud (involving changing check amount or stealing ATM code), loan fraud and utilities fraud.

As the instances of different types of frauds increase, governments and other relevant authorities around the world are putting in all out efforts to introduce various types of legislation to help ordinary citizens to protect their personal finances and businesses to protect their operations. A few of the legislation introduced recently with the aim to protect identity thefts and frauds include Health Insurance Portability and Accessibility Act (HIPAA) for protecting critical patient information; The Gramm-Leach-Bliley Act (GLBA) for protecting financial information of the public held by financial institutions and the Fair and Accurate Credit Transaction Act (FACTA) that makes it mandatory for businesses to destroy and dispose all information related to consumers. Non compliance of this law may result in fines and other severe penalties.

Document shredding is one of the key areas which help in the implementation of such legal formalities. Earlier it used to be considered as one of the ways a business could ensure security for its operations and that of its customers. Today, it is a law which every business must comply with.

Therefore if you are running a business, no matter how big or small, it becomes your responsibility to rely on document shredding not just to protect your own business interests, but also that of your customers.

inventory asset management

records management

document shredding

document scanning