Who needs a shredding company?
Financial Institutions, Mortgage Lenders, Finance Companies, Utility Companies, All Governmental Agencies, Lawyers, Accountants, Dentists, Home Health Agencies, Durable Medical Equipment Companies, Manufacturing Companies, Physicians, Realtors, Any Company that Handles Clients' Personal Information, You Do!
The law protects citizens. Privacy protection is the law that you must shred, erase, or destroy any information pertaining to: accounting data; banking such as account information and documentation, canceled checks, and copies of checks; special notes; customer addresses; customer names; contract drafts; employee information; educational records; insurance information; loan information; market analysis; medical information; patient billing information; payroll information; purchase orders; sales call reports; sales information; social security numbers; supplier information; training information; visitor logs; and any other personal information that could leave a person or persons vulnerable to identity theft and invasion of privacy. The laws that protect our citizens against these crimes are: the HIPAA, Gramm-Leach-Bliley Privacy Act, Economic Espionage Act, Trade Secret Protections, ID theft laws, and implied contract breach laws. Many new laws are being added all the time, such as in the state of Texas, a new Act will become effective on September 1, 2005.
The FACTA disposal rule can apply to almost every business in the United States. Severe penalties can be imposed on violators of these laws. Federal penalties can be up to $2,500 per violation and state penalties up to $1,000 per violation. If a company throws away undestroyed information of 100 customers or more, the costs can be huge!
Also, when we shred and recycle 300 pounds of paper, up to three trees are saved from destruction. Shredding your documents with Aiken and Augusta Shredding just makes sense. Call us today.