What’s Your Good Name Worth The Economic Cost to Losing Information
It’s spring cleaning season – the perfect time to sort and toss paperwork collecting dust on your desk. But wait. Before you haul garbage bags full of unwanted files to the dumpster, do you know what steps you should take to properly and legally destroy business and personal records
Every business has information that requires destruction. Plus there are compliance issues with new federal and state laws in the management and destruction of personal records, says Scott Fasken, owner of Colorado Document Security in Grand Junction, Colorado, and a board member for the National Association for Information Destruction (NAID), an international trade association for the document destruction industry.
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read moreIdentity Theft – 12 Ways to Reduce Your Chances of Being a Victim
Imagine you have been temporarily living out of state for work. You decide to make the job permanent, and so it is time to sell your home. You return home, astonished, to find renters living in your house, the rent money being paid to someone unknown, and a second mortgage has been taken out on your home (payments not being made, of course).
Or, imagine you opened a new checking account and received a debit card. You only used this debit card one time, to rent a U-Haul. Within three days of renting the U-Haul, you receive insufficient funds notices from your bank. Apparently several airline tickets were purchased with your debit card number.
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