Identity theft is causing more problems for American Citizens than ever before. Today, it’s not just credit card information being fraudulently used; identity theft problems include using victims names and addresses as well as banking information, social security numbers and more.
Shredding services should be a critical part of your business and personal life. Documents like unwanted mail, old files, old bank statements and credit card bills, work orders and those containing personal information should be shredded prior to disposal.
Shredding documents is sometimes portrayed as an inherently suspect activity. Nothing could be further from the truth.
The vast majority of organizations shred for all the right reasons:
- To PROTECT their customers’ privacy and prevent IDENTITY THEFT.
- To OBEY LAWS, requiring shredding.
- To PROTECT their company and shareholders by safeguarding proprietary trade information.
Paper Shredding Facts
- IDENTITY THEFT and information-based fraud is the fastest growing crime in the U.S.
- The U.S. Supreme Court ruled that you give up ownership of information when it is casually discarded.
- Because of the new laws, investigative reporters are increasingly looking to the dumpster as a source of easy to find headlines.
- The United States Federal Trade Commission estimates that more than 9 million cases of identity theft take place per year. The federal government recommends that individuals defend themselves against identity theft by shredding financial documents before disposal. In fact, privacy laws like FACTA, HIPAA and the Gramm-Leach-Bliley Act are requiring companies to properly destroy personal documents to avoid the unauthorized disclosure of personal information, which now carries both civil and criminal implications.