Gramm-Leach-Bliley ActThe Gramm-Leach-Bliley Act, also known as The Financial Modernization Act of 1999, creates provisions to protect consumers' personal financial information held by financial institutions. Paper documents containing personal information should be protected when in use and safely destroyed when no longer current and or unusable.
The Safeguards Rule requires all financial institutions to design, implement and maintain safeguards to protect customer information. The Safeguards Rule applies not only to financial institutions that collect information from their own customers, but also to financial institutions “such as credit reporting agencies” that receive customer information from other financial institutions.
Does GLB Apply To You?The GLB Act applies to just about any business that's involved in providing financial products or services to consumers. This includes check-cashing businesses, mortgage brokers, banks, insurance companies, real estate appraisers, tax preparation businesses and accountants, ATM operators, credit counselors, financial advisors, debt collectors and more.
Does GLB Have Teeth?Failure to comply can result in an enforcement action by the FTC and can result in civil penalties of up to $11,000 per violation.
What To Do?Don't get caught being careless with your customers sensitive information. Smarter Shredding can help you secure all confidential documents until it's time for your regular shredding service. At that time, we can securely shred and destroy all of your customers confidential documents, including paper documents, cd's, dvd's, thumb drives, computer backups, hard drives and any other format you may have stored this information on.
Call Smarter Shredding at (844) 392-7473 To Speak To A Professional or Schedule Service
Gramm-Leach-Bliley Act (FTC)http://business.ftc.gov/privacy-and-security/gramm-leach-bliley-act
NAID Certification helps you comply with federal and state data protection requirements when hiring a shredding provider. Smarter Shredding, Inc. adheres to the highest security levels available in the shredding industry, allowing us to earn our AAA Certification while exceeding its standards.
Smarter Shredding has streamlined the process and simplified everything. We adhere to the most secure shredding process available, shortening the chain of custody, and reducing risk of loss or theft to as close to 0% as possible. How? All your documents are placed into a secure 96 gallon cart and then immediately taken to our trucks to be shredded. Our secure process ensures 100% destruction every single time. It's fast, easy, and ridiculously affordable.