We all know that in a given day at work, there are usually more tasks to be done than there is time to complete them. No one wants to add yet another task to the daily routine unless the task is going to improve business and enhance productivity. While paper shredding does not seem like a business builder, it sure can save time and money for businesses who do not want to end up in court or on the news.
In June 2005, the Fair and Accurate Credit Transaction Act went into effect requiring all businesses (even the tiny ones) to destroy customer data and records when they are no longer needed. This law is enforced by the Federal Trade Commission and was enacted to help protect people against identity theft. The law indicates that any individual or business who “possesses 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.” Companies who do not properly destroy sensitive customer information are subject to up to $2500 in fines per violation, up to $1000 in statutory damages per employee, actual […]

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