Because identity theft is a growing and serious problem, laws to help prevent it, and the penalties for not following these laws, are growing. If your organization is not using a shredding service, chances are you're directly violating at least one of these laws.

Two of the most popular laws are HIPAA and Gramm-Leach-Bliley. These laws require businesses to protect health and financial information and are well known for their steep penalties and increasing enforcement.

The penalties for violating HIPAA includes fines that can easily top $500,000 and up to 10 years in prison. For Gramm-Leach-Bliley, it can be $1 million in 10 years in prison.

Protect against legal and regulatory violations

Here is a table that summarizes the most popular business records and the laws that prescribe steep fines and penalties for failure to destroy these records before discarding them.

Items required by law to shred or destroy	HIPAA	Gramm/ Leach/ Bliley	Privacy Act	Economic Espionage Act	Trade Secret Protections	I.D. Theft laws (where applicable)	Implied Contract Breach
Account data
Banking Info
Brainstorming notes
Cancelled checks
Copies of checks
Customers' addresses
Customers' names
Drafts of contracts
Education records
Employee info
Insurance info
Internal memos
Loan info
Market analysis
Medical info
Mis-aligned forms
Mis-printed copies
Obsolete contracts
Obsolete records
Patient billing info
Patient names
Payroll info
Phone logs
Phone messages
Purchase orders
Sales call reports
Sales info
Shipping data
Social security numbers
Supplier info
Training info
Visitor logs

With Get It Shredded, you can ensure that your business is in compliance with all these laws for less effort and less money. Please call us today at (215) 442-1239.