The Law
Privacy protection is federal law with more and more state and local laws protecting certain types of information. Outsourcing document destruction can ensure that you are compliant with these laws.
Three important Federal Laws require specific safeguards to ensure confidentiality.
Health Insurance Portability and Accountability Act (HIPAA)
The Health Insurance Portability and Accounting Act (HIPAA), enacted by the federal government in 1996, safeguards the privacy of patient health records. The law provides for criminal charges along with stiff penalties for violation of HIPAA regulations. A full text of HIPAA regulations is available from the U.S. Department of Human Services.
Click here for the full HIPAA law.
Gramm Leach Bliley Act, also known as the Financial Modernization Act of 1999
The Gramm Leach Bliley Act (GLB), also known as The Financial Modernization Act of 1999, is a federal law that forces a financial institution to “respect the privacy of its customers and to protect the security and confidentiality of those customers’ non-public personal information.”
Click here to view the entire the Gramm Leach Bliley Act.
The Fair and Accurate Credit Transactions Act of 2003 (FACTA)
The Fair and Accurate Credit Transaction Act, also known as FACTA or The FACT Act, was signed into federal law in December, 2003. The catalyst of this law was consumer fraud and related crimes, including identity theft. FACTA states that all paper documents containing identifiable consumer information must be destroyed.
Section 682.3 of The FACTA Act states:
“Any person who maintains or otherwise possesses consumer information, or any compilation of consumer information, for business purposes must properly dispose of such information by taking reasonable measures to protect against unauthorized access to or use of the information in connection with its disposal.”
Shredding of such documents meets the law’s standard and keeps you and your company in compliance.
Click here for additional information about The FACTA Act.
These laws provide mandated penalties for both companies and individual employees found to be in non-compliance.
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Identity Theft – The Fastest Growing Crime in the US
Identity Theft is the fastest growing crime in the United States; protect your confidential information. You can rest assured that your future is secure by taking precautions to avoid identity theft. Shredding or grinding of confidential documents and products protects not only you and your company, but your employees and clients. Those documents or other materials which contain names, addresses, social security numbers, credit card information, etc. must be destroyed. Out sourcing your document destruction to ALL-SHRED protects everyone.
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Corporate Espionage
Corporate espionage costs companies billions of dollars each year by not shredding their business plans, product designs, account lists, proposals, drawings, etc.
Legally, anything that is thrown in a dumpster is free to public access. ALL-SHRED is a total document and product destruction company that will handle all of your document and product destruction needs.
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Internal Security
Your personnel should not be responsible for document destruction. Payroll data, personnel records, materials that involve labor relations or legal affairs should not be viewed by employees. Potential dangers arise when rank-and-file workers are asked to destroy competition-sensitive data.
Destruction of your classified information is best left to ALL-SHRED, a professional document and product destruction company.
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Cost Effectiveness
Office shredders are not cost effective when you consider the following:
• Paying to bond your employees to shred the paper
• Purchasing and maintaining your own shredding equipment
• Removal of paper clips and staples
• Clean up after shredding
• Paying for the disposal of the paper
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ALL-SHRED can custom design a service and schedule that is cost effective and compliant for your company.
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