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  The Laws

Numerous federal and state laws require organizations to responsibly dispose of data or face steep fines.  HIPAA and Gramm-Leach-Bliley establish national standards for the protection of health care and financial information and require specific safeguards, such as shredding, to meet compliance.

Every company that deals with consumer credit information is affected by the Fair and Accurate Credit Transaction Act of 2003 (FACTA).  Although it applies to virtually every person and business in the US, FACTA especially singles out lenders, insurers, employers, landlords, auto dealers, consumer reporting agencies and other users of consumer reports.   FACTA requires reasonable and appropriate disposal practices to prevent unauthorized access to information in a consumer report.

Sarbanes-Oxley Act of 2002 (which applies to publicly traded companies and accounting firms) implements higher penalties for disposing of records in order to avoid prosecution and therefore puts more emphasis on having formal records management policies in place and consistently followed.

You may feel that simply recycling your office paper is sufficient, but simply recycling paper won’t satisfy the requirements of these laws.  Throughout the majority of the recycling process, the papers remain intact and readable by any person who takes the time to look.  The recycling facility is unsecured and papers may be shuffled around before baled. 

Shred Monster is committed to providing the most secure and professional service available.  Contact us at 402.564-6006 or at michelle@shredmonster.com.

 

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