Reason #1 – It’s the Law
There are various state and federal laws which dictate that it’s mandatory for your business to secure its private information, especially files concerning employees or customers. To ensure compliance with these specific regulations, it’s crucial that you shred all confidential and outdated business information. Data Shredding Services in Dallas provides convenient paper shredding solutions that will keep your business in compliance and do so at an affordable cost.
Your business has a legal obligation to guarantee the privacy of your employees and customers, and should be well aware of the below regulations and their implications:
•The Health Insurance Portability and Accountability Act (HIPAA) Implemented in 1995, this law states that healthcare industry professionals responsibly shred all patient records.
•The Fair and Accurate Credit Transaction Act (FACTA) Established in 2003, this began in an effort reduce the risks of identity theft by mandating that all companies shred customer information being disposed of.
•The Gramm-Leach-Bliley Act (GLBA) Enacted in 1999, this law requires that all financial institutions properly protect the privacy of consumer data through smart storage and disposal practices.