Should You Get a Paper Shredder or Engage a Paper Shredding Service? Safely disposing such documents can avoid the risk of identity theft and unauthorized use of confidential data.
It becomes the liability of the organisation to safely store and dispose them. Preventing data breach or identity thefts– Identification documents shared by employees or customers contain important information.Piles of paper cause clutter and can also increase the risk of fire. Eliminating clutter and hazards– Storing records and corporate information in the form of documents, files and boxes take up a lot of space in the office or warehouse.Several regulatory compliances make it mandatory to shred documents after maintaining them for a certain period and penalise for improper disposal. Compliance with the law– Organisations that hold critical customer or employee information have a responsibility to also dispose off confidential data.Safely disposing of these documents is vital to avoid frauds, unauthorized transactions, and information leaks. These include financial statements, marketing plans, employee identification papers, bills, invoices etc. Organizational documents and records contain confidential and sensitive information which can be misused if not discarded carefully. It helps them serve their customers better while also following regulatory norms.įinancial institutions, banks and NBFCs are mandatorily required to store confidential documents whereas every organisation is required to store employee paperwork. Organisations hold all forms of information when they interact with their customers. Paper shredding is as critical and imperative as safely maintaining and recording documents.
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