IT'S THE LAW
Your organization must comply with laws and regulations requiring that you protect certain information when it is discarded.
An increasing number of laws actually require organizations to shred or face steep fines.
At the federal level, FACTA (Credit Report Info), HIPAA (healthcare) and Gramm-Leach-Bliley (financial) require specific physical safeguards, such as shredding, to meet compliance. Stiff penalties could result!
Whether your customers are consumers concerned about Identity Theft and Privacy, or companies concerned with protecting trade information, you are entrusted with information that they consider to be extremely confidential.
In fact, whether you know it or not, you have an "implied contract" to protect that information simply based on the fact that you are collecting the data to conduct business.
They have the legal right to expect you to take every precaution to protect it, including shredding it before it is discarded.
By casually discarding company information, whether in the form of an individual's personal information or company trade information, shows a callous disregard for customer and shareholder welfare. It exposes customers to the threat of Identity Theft and other frauds. It also risks your company losing trade secret protections in court.
The U.S. Supreme Court has ruled that you forfeit the right of ownership to discarded information.
IT'S THE RIGHT THING TO DO
Combined with the legal ramifications you may face from not properly destroying customer documents and information, failure to comply with these laws can harm your company as well as your customers.
Perhaps your customers won't become one of the 1 in 25 Americans who have been the victim of Identity theft - the fastest growing type of fraud. Perhaps you won't be inspected by one of the regulatory agencies and face thousands of dollars in fines. Perhaps every employee at your business is being as careful with customer information as is required. Are you willing to take that chance with your customers? Do you think they would continue to be your clients if they knew you were putting them at that risk?
The moral obligation is as strong as the legal obligation to use proper document destruction methods. And in addition to these reasons, one further benefit of using SHREDCO for all your shredding needs is that 100% of the paper collected is recycled.