The Importance of Mobile Shredding Services for Banks

Under federal privacy laws, companies operating in the U.S. are required to protect consumer privacy, specifically the confidential information customers provide to businesses.  This could include identifying or contact information, financial or medical data, and more.

Certain businesses, however, have even greater obligations because of the types of data collected, and this includes financial institutions.  If data related to financial accounts is accessed, identity theft could occur, leading to significant and ongoing personal problems for consumers.

As you can imagine, this would not reflect well on your business, and you could reasonably expect to lose customers, revenue, and your reputation.  In addition, you may face penalties for failure to properly protect data as required by federal, state, and local laws, as well as industry-related regulations like FACTA and GLBA, for example.

The point is, South Dakota banks need to observe very high standards for data security, and this extends to data destruction.  How can a mobile shredding service help you, and why is it so important to partner with a reputable and reliable company?

End-of-Life Planning

You really can’t afford to have stockpiles of unneeded hard copies or unused hard drives lingering in offices or storage warehouses.  Outdated documents and equipment only increase risk factors for data theft and other problems.  You need to have a plan in place to properly dispose of data.

Your certified ITAD service provider can help with the destruction of data in both digital and hard copy format by providing regular pick-up service to retrieve documents and equipment slated for destruction, as well as providing one-time pick-ups for batch destruction as you digitize old records or update equipment and devices, for example.  This will reduce high-risk data stockpiles and minimize opportunities for theft.

End-to-End Security

Even if you trust your staff, you need to concern yourself with both internal and external threats of theft.  In other words, you must secure confidential data at all times.  You go out of your way to secure digital resources with firewalls, passwords, encryption, and more.

Why, then, would you allow documents to get tossed in an open bin before shredding, where anyone could access sensitive data?  Why would you let old IT equipment linger in storerooms where employees or robbers could snatch it?

Your ITAD partner could provide end-to-end security solutions, including locking bins for on-site use that allow employees to drop papers or hard drives in and ensure that no one else can easily get at them before they’re collected for destruction.  In addition, you’ll enjoy on-site shredding while you watch, or the option to have devices transported to a secure facility for destruction and recycling, with a 24/7 client portal to track progress by serial number.

With Certificates of Destruction and Recycling delivered as proof for your records, you’ll get the security and peace of mind you need when you outsource to a reliable mobile shredding service.

Legal Compliance

Keeping up with changing laws regarding data destruction can be a hassle, and if you get it wrong, the consequences could be significant.  As a banking institution, you need a shredding partner that stays on top of relevant changes and manages these concerns for you.

SEAM is a certified ITAD service provider that offers the security and services you need.  To learn more and request a quote, contact SEAM today at 605-274-7326 (SEAM) or online.