Business Identity Theft

 Crimes such as business espionage and bank fraud are increasing by the day, with identity theft becoming very common. To protect personal and sensitive information pertaining to your home or business, document shredding is your only recourse. Stay one step ahead of the criminals!

The Law Says You Must Shred!

  With the Fair and Accurate Credit Transactions Act or FACTA taking effect in June 1995, it has become a legal necessity for companies to employ a person exclusively for document destruction. Businesses are required to provide professionals with the necessary equipment for proper document disposal.

 The law was enacted to make sure that all business-related documents are discarded in the safest possible manner to eliminate any chance of identity theft. Not all businesses are aware of the compliance requirements of the FACTA Law. Fines under the State law could go up to $1000, while the penalty under Federal Law could be around $2500, for violation and non-compliance.

Professional Shredding - The Best Option

 In onsite shredding, the company sends a special truck to your business address. The shredding is done in the truck and you are able to monitor the whole process of the shredding through a camera.

This gives you the satisfaction of knowing that every document has been completely destroyed. The truck arrives as per your scheduled arrangement with the shredding company, daily, weekly or on a monthly basis, depending on the volume of work.

These companies also provide you with secured storage containers to store the documents meant for shredding, until the next scheduled shredding day. After every shredding, the company provides a shredding certificate called the 'Certificate of Destruction'.

Keep Your Business Efficient

 There are lots of advantages to employing a document shredding company, one of the most important is simply limiting payroll hours devoted to mindless tasks like shredding paper. It is much better to have employees focused on greater tasks at hand and let a professional company handle the business's paper shredding needs.

The best part about these companies is they provide a convenient bin to place waste papers, folders, paper clips, staples and rubber bands included, and take care of the shredding for you on a pre-defined schedule.

 Identity theft is a serious crime that has challenged legal systems worldwide. Contrary to popular belief, identity theft can take place in many ways, besides web-based and electronic transactions. There have been a number of instances of identity theft resulting from stolen credit cards, business documents and checkbooks.

 A recent study confirms that only about 11.6 percent of identity theft crimes take place via the Internet. A large number of identity theft crimes have been committed with the help of stolen documents from offices. If you own a business, it is important to ensure that adequate measures are in place to safeguard the sensitive information of your company and your clients.

Listed below are the top five reasons why you should make sure that your business is identity theft proof:

1. For The Security Of Your Business - Without proper security measures, your company name (and credit) can be used to purchase merchandise from other companies.

2. To Safeguard Your Reputation - It takes years to build a good reputation - you cannot afford to ruin it by allowing someone else to use your name to cheat people.

3. To Safeguard The Privacy Of Employees - The main interest of an identity thief lies in documents and sources that may reveal important personal data. These include names, addresses, Social Security Numbers, phone numbers, insurance information and banking details. Employee files in your company include all this information. Access to these files, leads to serious implications and puts the financial future of your employees at risk.

4. To Avoid Litigation - If you are forced to sue a fraudulent company for identity theft, you stand to lose a great deal of time and money - both of which are usually in short supply.

5. To Strengthen Rapport With Customers And Build Trust - Customers are always eager to be associated with a brand or company that has a good reputation. If you protect the interests of your customers, you are sure to win their loyalty.