Many companies deal with documents that hold confidential information on a daily basis. When it’s time to dispose of these private records it’s important to do so in a way that ensures the information remains concealed. Secure and proper document and data destruction is so important that failing to meet the appropriate standards can have major repercussions.
Here are four negative effects a breach of privacy can have on your business:
Fines – Companies that handle confidential information are legally bound to protect their customer’s information. Not doing so can lead to penalties and fines that can sometimes reach millions of dollars.
Criminal Penalties – There are different degrees of consequence for criminal violations depending on the type, size and severity of the breach. The consequences can be criminal penalties that range anywhere from 1-10 years in prison, often accompanied with a fine.
Lawsuits – You are legally required to keep certain information private, so even a minor infringement can have major consequences. Just one stray file – one person – that’s all it takes for one lawsuit; and one lawsuit may not break your company, but it will paint you in a negative light and betray the trust of both current and potential patients/clients.
Public Image – Companies strive to build a respectable and trustworthy reputation among their community. A privacy breach of any magnitude will tarnish your reputation and put a stigma on your company that will be hard to get rid of.
Properly handling and disposing of confidential information is a responsibility that must be managed with extreme care. Failure to do so can lead to dire consequences for your business.
Utilizing a secure data destruction company, like Tristar Shredding, can help to lighten the load by ensuring that your sensitive documents are being discarded in a safe and suitable way with no extra effort from you.