For the financial industry, paper shredding services is important for liability reasons. Client personal and financial information can be stolen and used for such purposes as identity theft which is the fastest growing white collar crime in the world. Banks and financial service companies contain a wealth of information that could cause great harm if the information ends up in the hands of criminals. Criminals are looking for documents that contain such information as: credit card information, bank account information, customer personal information, company financial information, tax numbers, and much more. The financial industry must make document security and destruction the highest priority in order to protect their customers, clients, and their own company as data theft can ruin a company\’s reputation.

A thorough and secure document shredding process should be a standard practice in the financial industry as well as any company where there is an expectation of privacy. When confidential information needs to be permanently destroyed, document shredding provided by a service provider is an effective method of ensuring privacy. Document shredding services allows companies of all sizes to efficiently and quickly destroy documents. Two shredding services offered are certified on-site and off-site shredding services which are both designed to keep sensitive information secure. On-site services involve the shredding company going to the business and shredding the documents on-site using their shredding machine. The shredded material is then taken to the facility for recycling. Off-site shredding services involve the company picking up the documents at the business and taking the document load back to the facility where they it put through the shredding machine. Once documents have been shredded, there is no way to retrieve the information so the shredded pieces can be recycled with no risk to the company.

There are many benefits to using the services of a document shredding company. With identity theft on the rise, document destruction gives customers peace of mind knowing they will not become the victim of identity theft. A business will not have to worry about confidential information being stolen and used to undermine their business. As well, the business will remain compliant to regulations regarding the protection of information so they will not have to worry about being held liable for stolen data. Employees of a financial company will also not have to worry about their own personal information falling into the wrong hands. After the documents are shredded, the company will provide a Certificate of Destruction verifying the documents were destroyed which shows they are complying with privacy protection laws and regulations.

Identity theft, privacy violations and financial information based fraud is the fastest growing white collar crime in the world. Effective paper shredding services are now essential to prevent becoming the victim of criminals seeking information to exploit. It is now vital for the financial industry to implement security protocols regarding the handling and disposal of sensitive financial information. Implementing a scheduled document destruction program using paper shredding services should be a part of their security protocol.

Author Bio: Searching for paper shredding or document shredding services Canada? Then trust the experts and make sure your paper shredding services Canada provider is certified by the National Association for Information Destruction.

Category: Business
Keywords: paper shredding,document shredding,shredding services,data management,information management