Whether your business is regulated by HIPAA, FACTA or Gramm-Leach-Bliley or not, if you collect confidential information from customers or employees, they are entrusting you with this information. Therefor you have an "Implied Impact" to keep this information confidential. You must legally take every precaution to protect it, including shredding it before you discard it.
" Businesses must take a reasonable measure in protecting consumer information from unauthorized access and or use."
Consumer information
must be destroyed prior to entering the
recycling process. At Paper Wise everything
we collect is shredded and everything that is
shredded is then recycled.