Identity theft and information-based fraud is the fastest-growing crime in the United States. The Supreme Court has ruled that a person gives up ownership of information when it is casually discarded. Business Records Management offers a cost-efficient shredding service that provides secure collection and destruction of confidential business information.
Our high-level security includes lockable receptacles, secure vehicles and bonded employees. All paper, cardboard, plastic and other media are shredded separately and recycled. A Certificate of Destruction is then provided to the customer. Recycling alone does not establish the necessary requirements for information destruction.
Business Records Management provides absolute confidentiality and security throughout the destruction cycle. Regardless of your location, volume of material, or unique handling and destruction requirements, Business Records Management can customize a service to meet your individual needs.
Why Shred?
Proper destruction of records will render confidential materials unreadable and useless to anyone trying to steal your information. Consider these numbers:
•53,000,000 personal identities have been stolen to date.
•Approximately 27,000 more are stolen each day.
•Companies spend an average of 1,600 work hours cleaning up an incident.
•The cost of clean-up is $40,000-$92,000 per victim.
According to CIO Magazine, if an information security breach is traced to your company:
•20% of your affected customer base will no longer do business with you.
•40% will consider ending the relationship with your company.
•5% will hire lawyers.
All paper material shredded by BRM is also recycled in order to preserve our environment.
Regulatory Compliance
An increasing number of government laws require organizations to shred their discarded confidential information. Steep fines, class-action lawsuits, civil liability and imprisonment can be the penalties for noncompliance. These laws include:
Fair and Accurate Credit Transactions Act (FACTA)
•Designed to reduce the risk of consumer identity theft
•Requires businesses to properly dispose of consumer informationGramm-Leach-Bliley Act (GLBA)
•Requires financial institutions to ensure security and confidentiality of customers' private, personal information
•Includes protection of names, addresses, account numbers, incomes, balances, etc.Health Insurance Portability and Accountability Act (HIPAA)
•Protects the use and release of medical patient information
•Requires protected health information to be kept secure for at least six years
•All covered entities (hospitals, doctor뭩 offices, HMOs, or other healthcare providers) require vendors who do work for them to sign a HIPAA compliance agreement making them a Business Associate. Once the vendor signs this agreement, they will be liable in the event of any disclosure of confidential information caused by their actions or inactions. If disclosure occurs, failure to provide adequate safeguards may result in criminal and civil penalties.
Sarbanes-Oxley Act (SOX)
•Mandates the development and implementation of a records management system
•Requires companies to track and provide an audit trail of all critical information
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