Your customers place trust in your business by giving you their personal information every day. Credit card numbers, details about their private lives, addresses, spending habits and so forth are supplied for various reasons, and the customers are trusting you to keep that information confidential.
If your business is lackadaisical about its shredding policies, here are three major reasons why getting a few document shredders should become a priority.
Thieves have been known to dive into dumpsters for discarded business records in the hopes of finding social security numbers, names, addresses and other personal information. Once gleaned, this data makes it possible for the thief to get loans or credit cards.
Entire identities can be stolen, and your customers’ credit can be ruined in a matter of a week. If your clients find out your business was responsible for this, chances are pretty high that you will lose them as a customer.
Bad Public Relations
A doctor’s office made the national newspapers when citizens discovered huge piles of medical records disposed of in an unlocked dumpster. A huge clothing retailer was crucified on the evening news when their garbage was scavenged to the tune of ten thousand debit and credit card numbers.
This kind of bad publicity can break a smaller business and shutter its doors. Had the records been shredded, these fiascoes could have been avoided entirely. Once this type of security breach is publicized, the business in question is on borrowed time.
Information Trading to the Competition
While this type of crime is less common, it still happens. A rival company may pay their employees or an outside party to rifle through your trash. If your business is not in the habit of shredding documents, they can find out the identities of all of your suppliers. They can find out which banks hold your loans, which companies you use for utilities and who your biggest customers are.
Imagine what a nefarious business owner could do with that information if they wanted to put you out of business. You could arrive at the office one day to find your electricity has been shut off, your internet disconnected and your employees watching as your leased office machines are carted off. It’s amazing what a person can accomplish with nothing but account numbers and a telephone.
Document shredding is important for both your business and your customers. Using high-quality document and paper shredders is absolutely essential in today’s world to protect yourself and your clients.
Contact Progressive Business Systems to discuss your shredding needs. They offer a wide range of options in shredding equipment to fit any budget.