Did you know that a recent study showed that only 11% of identity theft was internet originated? The rest came from the misuse of information commonly found in your home’s trash. Your solution? An I-Shred container next to your trash into which you deposit all the junk mail, statements, applications, letters and documents that you wish to be destroyed. When it’s full, bring it to your I-Shred store and leave with an empty container and the peace of mind that comes with knowing your information will be completely destroyed that day. You will have a Certificate of Destruction in your e-mail’s inbox that night to prove it.
For businesses, in-house shredding uses valuable employee time, stealing focus away from core business activities. Employees may be shredding material they should not be allowed to see. The availability of a shred bin makes it easier to follow the guidelines for what should be shredded because it is far more convenient than shredding them oneself.. Office shredders are messy, require maintenance, have limited capacity and require organizations to complete an extra step by putting the shredded material in the trash or recycling stream. And let’s be honest here. That paper winds up in the trash, not the recycler’s.
We follow all laws that require the destruction of documents containing personal information before they are disposed of. These include FACTA, HIPPA, Gramm-Leach-Bliley, and various local and state regulations.
The Fair and Accurate Credit Transactions Act of 2003
Also known as the FACT Act. Was signed into law on December 4, 2003. In general, the Act amends the Fair Credit Reporting Act (“FCRA”). The Act contains a number of provisions intended to combat consumer fraud and related crimes, including identity theft, and to assist its victims. Specifically the act requires the destruction of PAPERS CONTAINING CONSUMER INFORMATION. It is hard to imagine any business or organization that is not bound by this law.
The proposed DISPOSAL RULE. Sec. 682.3 Proper disposal of consumer information.
A) Standard. Any person who maintains or otherwise possesses consumer information, or any compilation of consumer information, for a business purpose must properly dispose of such information by taking reasonable measures to protect against unauthorized access to or use of the information in connection with its disposal.
B) Examples. Reasonable measures to protect against unauthorized access to or use of consumer information in connection with its disposal would include implementing and monitoring compliance with policies and procedures that require the burning, pulverizing, or shredding of papers containing consumer information so that the information cannot practicably be read or reconstructed.
Health Insurance Portability and Accountability Act of 1996
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 regulates the healthcare industry in the United States and assures that healthcare organizations will be responsible for the secure electronic transmission, secure storage and disposal of patient information.
GLB Act of 1999
The Gramm-Leach-Bliley Act of 1999 (GLB) mandates that financial institutions that obtain nonpublic personal information through the normal course of their business must develop precautions to ensure the security and confidentiality of customer records and information, and to protect against unauthorized access to or use of such records. This includes secure storage, disposal, and sharing of confidential information. Who must comply with the Gramm-Leach-Bliley Act: Banking and credit issuing, Insurance, Stocks, bonds, and investing, Financial service providers.