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Paper Shredding Services Are Vital For The Finance Industry

As long as people use paper shredding services, financial company employees won't worry about their personal information getting into the wrong hands.

When documents are destroyed, a paper destruction company can issue a document destruction certificate certifying that the documents have been destroyed and that they comply with confidentiality laws and regulations.

Identity theft, privacy, and theft of financial information are the fastest growing business crimes in the world. Effective paper destroyers must prevent companies from falling victim to criminals who try to exploit information.

To get secure document destruction services in Perth you can check this out.

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Nowadays it is imperative for the financial industry to implement security protocols to manage and dispose of sensitive information in their documents. Implementing a planned file destruction program using a file destruction service should be part of your document security program.

Secure paper shredding services to prevent identity theft

Credit Card Report – Hold for at least 45 days. Everything you need for tax purposes or proof of purchase must be kept until you confirm payment.

Buy or Sell a Home – Save six years after selling your home.

Tax records – They must be kept for about seven years. If the IRS suspects that you made a mistake, the IRS can examine you for up to three years. If you are suspected of setting your gross income at 25 percent or more, the IRS can review you for up to six years.

Medical information – Must be kept for at least one year. If a refund dispute occurs, you will need this note. It is also believed that for each type of treatment, you will need your record from the time of treatment to the end of symptoms.