Your Client and Company’s Sensitive Information Should Remain Private - Hard Drive Destruction
That’s why maintaining compliance when disposing of them should be a priority.
What happens when a company chooses to ignore sensitive material disposal compliance standards? As a payday loan company found out back in 2010, local law enforcement, the FTC, and the Department of Justice get involved, and you end up permanently damaging your company’s reputation, along with having to pay a hefty fine.
In April 2010, law enforcement officers found boxes full of consumer documents near four PLS Financial Services stores in the Chicago area. The improper disposal led to an investigation by federal agencies and a complaint filed against these companies for violating various rules, including the Disposal Rule, Safeguards Rule, and Privacy Rule. After review, a Judge required PLS to pay a civil penalty of $101,500 in addition to receiving third-party biennial assessments for the next twenty years.
While not the most severe penalty ever given or the worst data security breach ever seen, it does serve as a strong reminder that all companies, regardless of industry, niche, or scale, are not excused from following federal mandates and compliance standards when it comes to the disposal of documents and materials containing private or sensitive information.
However, that doesn’t mean you’re on your own regarding disposal management. Critical Risk Solution can assist with helping you ensure that your sensitive material - including hard drives - is disposed of in a manner that exceeds compliance standards. So why not reach out to learn more about how you can delegate this time-consuming and vitally important business component to our trusted team?
