3 Reasons To Contact A Shredding Facility

In addition to being crucial for protecting your business from identity theft, document destruction is required by law. Several industries have adopted various rules to guarantee that the appropriate businesses dispose of documents whenever the business no longer needs them. The government has the right to prosecute anyone who disobeys these shredding regulations.

The following are three primary reasons why you need to call a shredding company that every organization needs to comply with.

Health Insurance Portability and Accountability Act

HIPAA, also known as the Health Insurance Portability and Accountability Act, was first passed in 1995. This law mandates that all medical professionals, whether independent or not, shred any documents that contain patient information before discarding them. These specifics include the patient’s home phone number, email, medical documents, and anything with their signature. If the medical business as a whole does not abide by this law, they will be considered violators and punished accordingly.

Gramm-Leach-Bliley Act

GLBA, or the Gramm-Leach-Bliley Act, was passed in 1999. Every financial institution, including banks, insurance companies, lending organizations, local banks, investment companies, and many others, is required by this regulation to dispose of their clients’ material properly. Until it is no longer necessary, every document containing any personal data about customers should be safeguarded. Thereafter, the data must be forwarded for disposal. Irrespective of how well-known a corporation is, if it doesn’t properly dispose of these records in accordance with The Gramm-Leach-Bliley Act (GLBA), it will be penalized by the law.

Fair and Accurate Credit Transaction Act

FACTA, or the Fair and Accurate Credit Transaction Act, was passed in 2003. This act mandates that confidential papers should be responsibly destroyed. This law mandates that any client who registers their names and gives their private information to a business has a right to confidentiality. As a result, their data must always be protected. Every corporation is allowed to discard these records after the transaction is through in order to protect the client’s interests. Anyone who disobeys this act is considered to have broken the law and, therefore, will face the appropriate penalties.

What Needs To Be Shredded?

In light of the above reasons for contacting a shredding facility, it is clear that you may need one once in a lifetime. Yet most people are unaware of what things should be shredded in a shredding company; if one of your items is in the list below, it must be shredded.

1. Your personal information is included in credit reports and may be used against you. If you do print them, then be careful to shred them.
2. Legal forms are necessary if you want to keep track of the many business events, but after a particular period of time, if you no longer want these forms, discard them.
3. You might be surprised to learn that when medical files are no longer required, you must shred them.
4. Most individuals think that canceled checks are meaningless. They mark it with the word “void” and believe their work is finished. Yet, the account information on these checks can be exploited to move illicit funds.