Financial service businesses rely on the organization's reputation and integrity. Both consumers and corporate finance clients expect service and performance built on a foundation of privacy, confidentiality, and information security. Our financial shredding service is the solution for financial companies that really care about keeping their customers’ sensitive data safe.
With numerous high-profile breaches, how financial institutions collect, store, and destroy private information is coming under increased scrutiny. Using state-of-the-art chain-of-custody protocols and innovative shredding technologies, we ensure safe and secure document shredding of confidential data.
We protect sensitive information by being the go-to finanical document shredding solution for data destruction for banks, insurance and other financial institutions.
Protect your business. Get Shred-it.
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Recommended Financial Shredding Services for Banks and Financial Institutions
The Law Requires You to Protect Confidential Information!
Like most industries that work with private and sensitive information, banking and finance are heavily regulated and governed. And federal laws designed to protect consumer identities, financial data, and personal privacy come with strict rules and heavy fines. We can help you stay compliant and prevent identity theft.
In addition to financial and banking industry regulations governing data privacy, here are a few of the critical data security laws that also apply.
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Gramm-Leach Bliley Act
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Sarbanes-Oxley Act
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Fair and Accurate Credit Transactions Act (FACTA)
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Red Flag Rules
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General Data Protection Regulation (GDPR)
Gramm-Leach Bliley Act (GLBA)
The purpose of the Gramm-Leach-Bliley Act (GLBA) is to ensure that financial institutions and their affiliates protect the confidentiality of personally identifiable information (PII) of their customers, whether in paper, electronic, or other forms. Companies subject to the GLBA must have “the administrative, technical, or physical safeguards to access, collect, distribute, process, protect, store, use, transmit, dispose of, or otherwise handle customer information. A shredding company, such as Shred-it, can help you with secure and safe destruction of customer financial records.
Sarbanes-Oxley Act
The Sarbanes-Oxley Act (SOX) was enacted to protect investors by requiring the implementation of controls to help prevent fraudulent accounting and financial practices at publicly traded companies, which includes the secure retention and appropriate disposal of financial documentation.
Fair and Accurate Credit Transactions Act (FACTA)
The goal of the Fair and Accurate Credit Transactions Act (FACTA) is to enhance consumer protections against identity theft. The best-known aspect of the Act is the establishment of free annual access to credit reports by consumers. However, the Act also requires the preservation and proper disposal of sensitive and personal data to protect against unauthorized access or misuse.
Red Flag Rules
The Red Flags Rule was created by the Federal Trade Commission (FTC) to require many businesses and organizations to implement a written Identity Theft Prevention Program. The intention of such Programs are to detect the warning signs (the “red flags”) of identity theft within day-to-day operations.
General Data Protection Regulation (GDPR)
The General Data Protection Regulation (GDPR) is a comprehensive privacy and data protection law that applies to any organization that processes or collects data of European Union (EU) citizens or residents. The GDPR establishes privacy rights for individuals, as well as requirements to protect against unauthorized, accidental, and/or unlawful destruction, loss, alteration, disclosure, access to personal data.
Gramm-Leach Bliley Act (GLBA)
The purpose of the Gramm-Leach-Bliley Act (GLBA) is to ensure that financial institutions and their affiliates protect the confidentiality of personally identifiable information (PII) of their customers, whether in paper, electronic, or other forms. Companies subject to the GLBA must have “the administrative, technical, or physical safeguards to access, collect, distribute, process, protect, store, use, transmit, dispose of, or otherwise handle customer information. A shredding company, such as Shred-it, can help you with secure and safe destruction of customer financial records.
Sarbanes-Oxley Act
The Sarbanes-Oxley Act (SOX) was enacted to protect investors by requiring the implementation of controls to help prevent fraudulent accounting and financial practices at publicly traded companies, which includes the secure retention and appropriate disposal of financial documentation.
Fair and Accurate Credit Transactions Act (FACTA)
The goal of the Fair and Accurate Credit Transactions Act (FACTA) is to enhance consumer protections against identity theft. The best-known aspect of the Act is the establishment of free annual access to credit reports by consumers. However, the Act also requires the preservation and proper disposal of sensitive and personal data to protect against unauthorized access or misuse.
Red Flag Rules
The Red Flags Rule was created by the Federal Trade Commission (FTC) to require many businesses and organizations to implement a written Identity Theft Prevention Program. The intention of such Programs are to detect the warning signs (the “red flags”) of identity theft within day-to-day operations.
General Data Protection Regulation (GDPR)
The General Data Protection Regulation (GDPR) is a comprehensive privacy and data protection law that applies to any organization that processes or collects data of European Union (EU) citizens or residents. The GDPR establishes privacy rights for individuals, as well as requirements to protect against unauthorized, accidental, and/or unlawful destruction, loss, alteration, disclosure, access to personal data.
What Financial Documents Should Be Shredded?
You collect some of the most sensitive, private, and confidential information there is. What happens to that information when it is no longer needed can become the source of a data breach.
If you create, collect, or dispose of these types of financial documents, you and your organization could be at risk for an information breach. Shred-it has years of expertise as a financial shredding service and offers secure financial document destruction for the following types of data:
- Payroll
- Income Statements
- Foreign Exchange Transactions
- Revenue Forecasts
- Financial Statements
- Contracts Tax Filings and Internal Audits
- Balance Sheets
- Valuation Analysis
- Development Plans
Why Choose Shred-it as Your Go-to Paper Shredding Service?
Shred-it protects organizations' information for their people, customers and brands through secure shredding. With 30 years of experience, our primary focus on document confidentiality and security helps ensure your confidential information remains confidential. We offer paper, hard drive, and specialty scheduled shredding services for all forms of secure records and important documents. As a leader in the secure data destruction industry, we’re ready for you to provide us with the sensitive documents that you need us to shred or purge.
Service Reliability
With the largest paper shredding fleet and the largest service footprint in North America, we are where you are.
Security Expertise
With the most NAID AAA certified mobile/on-site and plant-based shredder facilities, we keep your sensitive information safe.
Customer Experience
With the highest customer satisfaction among all vendors, we are 100% committed to your protection and satisfaction.
Vulnerable Businesses Risk Losing More than Just Money
73% of small business leaders and 94% of consumers surveyed are concerned about data breaches in the future.
Yet, only 60% say they are proactive when it comes to data and information protection leaving many businesses vulnerable.
1. Stericycle, Shred-it Data Protection Report, 2023.
The 2023 Data Protection Report reveals perceptions of the current regulatory landscape and barriers to compliance, as well as assesses the demand for assistance from external information security partners.
What People Are Saying
"Very easy to schedule and very nice, hard-working drivers and shredders."
Schnell Financial Group
"Very professional. The ease of tossing papers into the bin. Not worrying about me shredding tons of paper. You are doing the work for me."
Mustard Seed Financial
"The proactive approach to giving your clients an awesome experience!"
Northwestern Mutual Financial