According to the National Association for Information Destruction (NAID), there are nearly 2,000 companies in the US who provide information destruction services. However, not every shredding service takes security as seriously as they should. NAID and NAID Members are the trusted resource for information destruction of hundreds of thousands of organizations.
The NAID Certification Program establishes standards for a secure destruction process for both mobile and plant-based operations. Standards include such areas as security, employee hiring and screening, the operational destruction process, and general liability insurance ($2,000,000 or more).
Not only is it a good idea to shred sensitive documents — for most businesses, it is the law. All of the laws below describe a business’ responsibility to safeguard sensitive documents.
Click below to view the Gramm-Leach-Bliley Financial Modernization Act of 1999. This act outlines the privacy obligation policy, financial institution safeguards, notice requirements, limitations on reuse of information, limitations on sharing of account information, and enforcement of the Gramm-Leach-Bliley Act.
Click below to view details on the Fair & Accurate Credit Transactions Act (FACTA) of 2003. This act allows consumers to request and obtain a free credit report, as well as containing provisions to help reduce identity theft via the secure disposal and destruction of consumer information.
Click below to view details on the Health Insurance Portability & Accountability Act (HIPAA) of 1996. This act outlines the protection of health insurance coverage for workers and their families when they change or lose their jobs. HIPAA required the establishment of national standards for electronic health care transactions.
Click below to view details on the Fair & Accurate Credit Transactions Act (FACTA) of 2003. This act allows consumers to request and obtain a free credit report, as well as containing provisions to help reduce identity theft via the secure disposal and destruction of consumer information.
The FBI estimates that every year billions of U.S. dollars are lost to foreign and domestic competitors who deliberately target economic intelligence by searching discarded intellectual property and prototypes in dumpsters, in addition to other illegal methods.
