Crain's Breaking News

ChicagoBusiness.com Breaking News
The latest news from Crain's Chicago Business
  • Morningstar profit drops as costs pick up
    (Crain's) — Morningstar Inc. said its second-quarter net income fell 12% as the company restored employee bonuses that were reduced last year and as sales commission expenses rose. The investment research services company’s second-quarter income narrowed to $18 million, or 36 cents per ...
  • Bill calls for study delinking Lake Michigan, Chicago River to stall Asian carp
    (Crain's) — A U.S. House water projects bill introduced Wednesday would require the Army Corps of Engineers to study separation of Lake Michigan from the Chicago River and the local canal system to prevent the migration of Asian carp and other invasive species. The bill, introduced by Rep. ...
Document Shredding | Print |  E-mail

shredding

Shredding is essential to protecting your company's vital information, your employees and your customers in today's business environment.

* If you discard records without shredding, anyone can legally gain access to them by rummaging through your trash. Leaving  your company's books available to your competitors, former employees, litigators, or anyone that has an intent to harm you or anyone you are associated with.


* New regulations (such as FACTA and HIPAA) can also put your company at great risk if you don't properly destroy financial, medical or other sensitive information related to customers and employees.

Paper shredding  has a low marginal cost and provides insurance against costly breaches of critical information.

  • Reduces your  liability by complying with privacy laws.
  • Eliminates in-house shredding costs, reduces  labor
  • Environmentally Friendly .
  • It is a Green solution that is  cost effective while insuring your business' security.

All material Media SPiders shreds is recycled. Each ton of paper saves almost 20  trees, nearly 10,000  gallons of water, 50 pounds of air pollution, 4000000 watts of electricity an several cubic yards of landfill.

Various privacy laws have been enacted to ensure the confidentiality of clients information. There have been severe penalties for failing to comply with these laws.

HIPAA (Health Insurance Portability and Accountability Act):  This is an act that has been passed in an effort to  ensure that patient records remain private and do not become part of the public domain.  Severe penalties can be imposed for not complying. For more information, click on the link above.

GLB ( Gramm Leach Bliley) : This law was passed with the intention of forcing financial institutions to respect and secure the privacy of customers records. It covers a wider range of companies but essentially has the same goal of keeping customer information private. Click the link above to get a more detailed description.

FACTA ( Fair and Accurate Credit Transaction Act) :  Signed into law December 4, 2003, it contains a number of rules designed to combat consumer fraud, identity theft, and related crimes. This act is designed to help its victims. In order to benefit from the laws governing this act, it requires the destruction of sensitive consumer information. Click the link above to get additional information.


It is obvious that these laws are intended to minimize the problems that occur from the careless handling of client information. By complying with these laws, you are helping minimize your exposure to legal action that could occur from an employees negligence or accidental disregard.