3885 W. 41st St.
Chicago, IL 60632
Limit your liability
Protect sensitive information
Protect client privacy
Meet your corporate requirements
Adhere to Government regulations
Gramm-Leach-Bliley Act of 1999, Title V. states that financial institutions must keep all non-public client information private. Under SEC. 501. Protection of Nonpublic Information, the Privacy Obligation Policy states that "it is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers' nonpublic personal information." It goes on to say that financial institutions are to "insure the security and confidentiality of customer records and information" (103).
The Health Insurance Portability and Accountability Act (HIPAA), enacted in 1996 includes provisions intended to safeguard the privacy of patient health records. Regulations officially took affect on April 14, 2001. One example of an appropriate safeguard taken in order to protect patient confidentiality, is "requiring that documents containing protected health information be shredded".
If you have not had any problems with abuses regarding your confidential information, consider yourself fortunate. However, do not allow this history to translate into laxity regarding potential problems.
You CAN positively affect the environment. After being shredded, your paper is pulped at paper mills, where the paper is turned into other paper products. This recycling process will help preserve our environment. Per 1 ton (2000 lbs.) of your shredded paper, you save:
17 trees saved
6,000 gallons of water saved
81 cubic feet of landfill space saved