Every business accumulates a lot of paperwork in the course of a day. There are different ways to destroy documents, but paper shredding is highly recommended. Unlike other methods of destroying papers, shredding completely destroys a document making it impossible to put back together. This deters the efforts of identity thieves who steal discarded documents, put them together and use them to carry out white collar crimes. Documents like statements, receipts and invoices contain enough information for such a person to be able to pull off fraud and siphon funds from people’s bank accounts and credit cards.

As a business owner or manager, you must be aware of the legal requirements to protect customer and employee records. It is also required by law that documents that contain financial information that can be used to steal identities and carry out white collar fraud are destroyed by shredding.

For businesses looking for an efficient document shredding solution, keeping it in-house might seem like a no-brainer. With just some basic equipment distributed throughout your business and employees responsible for its execution, it can provide an intuitive solution when dealing with confidential information. However, this option requires extensive oversight – both logistically and legally; any missteps could leave you vulnerable to costly data breaches or compliance violations that are avoided through professional services from third-party vendors.