Why must my business shred it's sensitive documents, data and media? The answer is simple: It is required by law, and failure to do so/breach of any sensitive information can result in fines up to $250,000.
Every year, U.S. businesses and individuals lose billions of dollars to corporate fraud, identity theft and espionage. Most companies spend millions of dollars protecting confidential information. However, when no longer useful, that same information ends up in a trash can or a recycling bin where it is legally available to anyone.
Can you imagine having to reveal to your customers or to your employees that their personal information has been compromised due to a breach in your company's security?
Without proper safeguards, you can unwittingly expose your business to the risk of criminal and civil prosecution and fines, up to $50,000 ($250,000 in the medical field), as well as the costly loss of business or business ideas.
DataShredder asks you to consider: How much is your sensitive information worth? DataShredder invites you to find out how convenient and cost-effective it is to protect your business, your customers, your employees and your very own identity by simply calling one of our sales professionals at 1-800-622-1808.
Still not convinced?DataShredder has gathered these important facts and details on government regulations to help you understand your responsibility and obligation to ensure proper destruction of your sensitive information:
Existing Legislation:
The Health Insurance Portability and Accountability Act (HIPAA) of 1996: Healthcare organizations in the United States will be responsible for the secure electronic transmission of patient information and the secure storage and disposal of that information.
The Economic Espionage Act (EEA) of 1996: This act made it a criminal offense to steal trade secrets, defined as "all forms and types of financial, business, scientific, technical, economic or engineering information" that the owner has taken reasonable measures to keep secret and that is not known to the public. The legislation applies to information in any form.
The Gramm-Leach-Bliley Act (GLBA) of 1999: This act requires banks and financial institutions across the United States to protect the confidentiality and security of consumer information.
The Sarbane-Oxley Act (SOX) of 2002: Without a doubt, the single most important piece of legislation affecting government governance, financial disclosure and the practice of public accounting since the US securities laws of the early 1930.
The Fair and Accurate Credit Transaction Act of 2003 (FACTA): Going into effect June 1, 2005, this federal rule requires businesses and individuals to take appropriate measures to dispose of sensitive information derived from consumer reports, a requirement of the Disposal Rule which protects against "unauthorized access to or use of the information."
Identity Theft Penalty Enhancement Act of 2004: The law established a new federal crime. In general - Whoever, during and in relation to any felony violation, knowingly transfers, posseses, or uses, without lawful authority, a means of identification of another person shall, in addition to the punishment provided for such felony, be sentenced to a term of imprisonment of 2 years. Terrorism offense - Whoever, during and in relation to any felony violation, knowingly transfers, posseses, or uses, without lawful authority, a means of identification of another person or a false identification document shall, in addition to the punishment provided for such felony, be sentenced to a term of imprisonment of 5 years.
The desire to manage and mitigate risk at the corporate level. In a survey conducted by the Conference Board, top executives from 300 companies ranked the security of company records as one of the top 5 critical issues facing businesses today. Any establishment that discards proprietary data without the benefit of destruction exposes itself to the risk of criminal and civil prosecution, as well as the costly loss of business.
A focus on environmental responsibility. Leading business executives have been continually raising the standard on the environmental issues. DataShredder responsibly recycles all materials, for the good of the environment.
New: Try this quiz to determine your footprint on the environment and learn more about what you can do to minimize your business and personal impact on the planet.
Together, we can eliminate corporate fraud, indentity theft and positively impact the environment. Let DataShredder show you how by calling one of our sales associates toll-free: 1-800-622-1808
The Health Insurance Portability and Accountability Act (HIPAA) of 1996: Healthcare organizations in the United States will be responsible for the secure electronic transmission of patient information and the secure storage and disposal of that information. 
