Paper shredding might not seem crucial at first glance, but if your business handles sensitive documents regularly, you can’t afford to overlook this service. According to Data Bridge, the paper shredder market is expected to grow by 8.0% between 2022 and 2029. This booming market provides a vital service to individuals and businesses. Even as many organizations move toward a paperless operation, a significant number of paper documents are still processed daily. Let’s explore what can happen if you don’t utilize a paper shredding service.
Broken Compliance lt
Many federal and state laws mandate the proper disposal of certain types of documents, including medical and dental records, personal information, pay stubs, documents containing social security numbers, tax information, and more. Failure to shred paper documents according to regulations can leave you liable for compliance violations. A data breach could be disastrous for your business.
Malicious Attacks
Sensitive documents can be exploited for malicious purposes. If your business retains a large number of hard copies, you become a target for those who might misuse the information. This can lead to data breaches, identity theft, and, in extreme cases, corporate espionage. The safest option is to digitize documents and professionally shred the hard copies.
Negative Environmental Impacts
Storing massive amounts of paper documents is not environmentally sustainable. Eventually, these documents will need to be disposed of. Proper shredding reduces the environmental stress of breaking down waste. Although paper is biodegradable, large stacks of densely bound paper are more challenging to break down than finely shredded paper.
Additional Costs to Your Company
Handling your own document storage or disposal can be expensive and time-consuming. Without the services of a professional shredding company, this responsibility falls on you. You’ll need to securely store documents, purchase a shredder, perform the shredding, and then dispose of the waste.
These are just a few of the negative consequences you might face if you don’t use professional paper shredding services. If you’re looking for these services in your area, please contact Arrow Transfer & Storage today. We can help you keep your business and data secure.