5 Reasons To Shred Your Business Documents
Updated: Sep 7, 2020
Any business that keeps and maintains confidential information must follow safety precautions to destroy the paper proof.
Paper-shredding is one of the best ways to get rid of sensitive customer lists, salary records, bank statements, and other critical documents that are no longer needed.
But, why is it so important to shred business documents?
Here are the top 5 reasons:
1. Prevents identity theft
As per an article published in iTnews, according to the Australian Competition and Consumer Commission, Australians have lost $16 million to Identity theft and phishing-related scam till July 2019.
Any document having your personal details can be misused by someone to tarnish your reputation.
To prevent identity theft and to secure your position in the market, it’s important to shred documents that serve no purpose. In case you need some of the documents, store them in a safe location.
Consider hiring for secure document shredding services in Perth to dispose of your confidential documents, almost hassle-free and enjoy peace of mind.
2. Safeguards your employees & customers
Employees and customers play an important role in the survival and success of any industry. Moreover, both have a legal right to privacy and expect that their personal information is protected by the employers.
Even though it’s not a good habit to write employee salary records or sensitive customer information, if you do, don’t simply toss them in a bin.
It’s important to shred all important papers that have personal details of customers and employees. This will give them confidence knowing their information will never be misused.
3. Declutters workspace
Is there any need for all those unnecessary documents piling up in your office?
No, right? It’s illogical to have volume documents that are just eating away a lot of space on your table or cupboards.
Paper-shredding will not only create extra space but you’ll also have a much-organised space.
4. Legal requirement
As per the Australian Law Reform Commission, the Privacy Act 1988 states that any organisation doesn’t have a lawful reason to keep the personal information and must destroy it when information is no longer needed.
Failure to comply with these laws can lead to severe business penalties set out by the government.
As per Stephens Lawyers & Consultants, Privacy Act 1988 states that in case of any data breach, fines can range from $525,000 to $2.1 million for a body corporate and from $105,000 to $420,000 for any other entity.
5. Helps mother earth
In recent years, many companies have turned eco-friendly by disposing and recycling papers to show their customers that they care about the environment.
Shredding your documents means less waste and even makes recycling much easier.
Hire environment-friendly paper shredding services in Perth to save yourself from all the efforts.
Moreover, shredded papers handled by professionals are recycled to be cast into paper tissues, newspapers, and paper napkins.
Above all, it’s important to follow the right way to destroy your documents and prevent many other problems.
For more information on how we do it, feel free to call us at 0458 088 000.