Identity theft and unauthorized disclosure of private information has reached epidemic proportions. According to the Better Business Bureau, last year alone this crime claimed more than 8.9 million victims. But information theft is not just something that affects consumers. The FBI estimates that information theft costs American businesses as much as $24 Billion in losses each and every year.

With over 40 federal laws mandating that all businesses, healthcare facilities and financial institutions protect the confidential information of their customers, clients and patients, it’s imperative that you establish a shredding program. Failure to do so can expose your organization to severe fines, bad publicity and lost business.

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Information Destruction Laws

With identity theft and information fraud at an all-time high, the federal government has enacted over 40 information destruction laws to protect consumers. Here’s a synopsis of the three most significant pieces of consumer information protection legislation:

Information Destruction Options

From On-Site Shredding To Recycling…What You Need To Know About Your Information Destruction OptionsThere are many information disposal options from which you may choose. You can hire a shredding service, purchase an office shredder or simply recycle. The cost of each option varies, as does the level of security.Shedding ServicesShredding companies offer three types of shredding services, on-site and off-site. These services are similar in some respects because your documents and other confidential materials are placed in locked bins and then picked up at your location by a uniformed shredding company driver. Bins are usually provided free of charge and service is scheduled at regular intervals (usually weekly, bi-monthly or monthly).

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