What sort of material is destroyed? “You name it,“ says August Bequai, Washington attorney, and industrial security expert. “The important thing to understand is that anything and everything of a business nature has value to someone. Not to you and me, certainly, but to someone. Trade secrets, marketing plans and strategies, takeover fending strategies–it all has economic value.“And an easy way of getting that information is to steal your competitors` garbage, which may be a bit short on trade secrets but likely contains a treasure trove of client lists, shipping invoices, and other useful information. Credit-card swindlers for years have known the benefits of stealing the trash of car rental companies and restaurants for the credit-transaction carbon booty inside.
Most businesses, regardless of size, collect sensitive information from both clients and employees. This includes names, birth dates, addresses, social security numbers and much more. In the wrong hands, this information can cause a lot of problems with identity theft for both the individual and the company.
It’s tax time! And with it comes a need for people to recycle documents — many of them confidential — in a way that’s both secure and environmentally correct. First of all, I’d like to clarify the difference between confidential and not confidential. Confidential information such as account numbers and details and social security numbers should be kept secure and destroyed by shredding or other document destruction processes.