It’s the Law
With more than 40 federal laws mandating that all organizations, healthcare facilities, and financial institutions safeguard the confidential information of their customers, clients,employees and patients, it is simply necessary that you establish a paper shredding program. Failure to do so may expose your business to substantial fines, negative publicity and lost business.
Ongoing paper shredding is not only a smart practice it’s a legal one as well. In Puerto Rico and throughout the United States, there are various regulations which mandate that your business secures its business records at all times, specifically files in relation to employees or customers.
Privacy is so easily compromised. Anyone passing by a recycle bin, a dumpster, a hotel lobby wastebasket is able to glean more information than one would expect. As a result, the government has instituted laws to protect the private information of customers, employees, patients, and clients. These laws require companies to shred documents, create paper shredding company policies or face penalties.
The minute you start doing business with customers or hire an employee, there is an implied contract to protect information based on the fact you’ve collected data from them. In some industries, like healthcare and financial services, there are laws that demand all this data be destroyed.
To maintain compliance with these privacy laws, it’s crucial that you securely shred all sensitive and outdated files. Doc Delete provides professional paper shredding solutions that are cost-effective, provide peace of mind, and most importantly assure that your business continues to be compliant with privacy laws.
You have a legal requirement to protect the privacy of your employees and customers; you should fully understand the particular regulations and the implications each of these have:
• The Health Insurance Portability and Accountability Act (HIPAA) Mandated in 1995, this law mandates that healthcare industry professionals thoroughly shred all patient documents.
• The Fair and Accurate Credit Transaction Act (FACTA) Established in 2003, this started in an effort to reduce the risks of identity theft, by dictating that companies shred all customer information that’s no longer being stored.
• The Gramm-Leach-Bliley Act (GLBA) Enacted in 1999, this law is in place to ensure all financial institutions properly protect the privacy of consumer information, through secure document storage and disposal methods; this refers also to paper shredding.
Reduce your risk of a security breach; when in doubt, always shred. Almost half of the security breaches reported in the United States stem from dumpster diving. If sensitive documents are shredded, there’s nothing in the trash for data thieves and it reduces your risk of a breach.