Most businesses maintain sensitive information such a financial records or personnel files and keep them stored indefinitely. To keep old or outdated information from getting into the wrong hands, businesses make use of document shredding services so that their private data is safely destroyed. However, business owners who have not yet realized the importance of document shredding must be aware of some serious consequences that can be caused by their negligence.
It is any firm’s duty to protect their employees. Every business has employee files that contain personal information regarding each employee. That personal information can be as trivial as their names or as major as their bank account numbers. Regardless of how major or minor the information is, manipulative minds can misuse it to their fullest. Therefore, document shredding is the best way to protect your employees and their private information. After all, employees are a firm’s biggest asset!
Furthermore, your business cannot afford to unveil its corporate secrets. Every business has its own procedures for its operation. In short, every business has a different corporate culture. Detailed information regarding how your business functions is only to be known by those who play a part in its functioning. For the rest, apparent structure must suffice. Since all the internal stakeholders of your business are aware of how the organization is supposed to go about, any information regarding this must not be thrown in trash by your employees believing that they have successfully omitted its existence. Rather, such information must be shredded so that there is no way anybody can gain access to it. Also note that what constitutes as “secret information” varies from one business to another.
As being a socially ethical business, it is your obligation to not just protect your employees, but also, shelter your customers. Your business might have information regarding your customers such as that of their identification. If such information is stolen and is used to cause damage to any of your customer, you could be held accountable for this. Also, this will not just lead to loss of consumer base but also a poor reputation in both the corporate world and general public.
All the reasons mentioned above are especially focused to those who have not yet made document shredding a part of their business routine. It is an established fact that neglecting its use can have adverse effects on your business’s stakeholders, credibility and image and in some cases, financial stability as well.