Data breaches are a huge concern in the financial industry. Access to financial information allows criminals to steal money and other assets. Documents containing any type of financial information should be handled and disposed of carefully to prevent theft.
Shred Nations offers financial document shredding and hard drive destruction services to safely dispose of financial documents and prevent client data from being retrieved. Our services comply with all applicable privacy regulations and industry standards for secure disposal.
Financial Industry Regulations
Sarbanes-Oxley Act (SOX)
SOX mandates standard practices for financial record keeping and reporting. It requires records to be maintained accurately and retained for a mandatory 7-year period.
Check Clearing for the 21st Century Act (Check 21)
Check 21 allows consumers to create a digital version of a paper check for remote deposit. It does not add new retention requirements.
Gramm-Leach-Bliley Act (GLBA)
GLBA defines how financial institutions should handle and destroy private information. It regulates information sharing and implements security practices to protect financial data.
Financial Documents You Should Shred
- Account files
- Audit records
- Financial reports
- Bank statements
- Payroll documents
- Financial gain statements
- Balance Sheets
- Tax forms and records
- Loan applications
- Insurance documents
- Mortgage documents
- Credit and debit notes
- Client and employee data
- Credit reports
- Internal communications
- Client correspondence
- Sales and purchasing records
- Cash memos
- Pay-in slips
- Deposit and withdrawal slips
Tips for Information Management in the Financial Industry
Finance-based businesses thrive on efficiency. The industry is fast-paced and requires extreme accuracy. Shred Nations recommends a digital document management system (DMS) to streamline your information management processes. Professional shredding is also critical to protect valuable client data.
Digital files lower costs, reduce exposure risks, and provide instant access to your records. Our web-based applications include a remote deposit interface, signature and data extraction, automated document routing, and invoice processing.
Professional shredding ensures that your documents are handled safely. Shred Nations partners with reliable and certified shredding companies. We provide a certificate of destruction to verify compliant disposal with every service.
Request Free Quotes on Financial Document Shredding
Banks, investment firms, and credit card companies handle valuable data for their clients. They have an obligation to safely handle financial information with effective records management and secure disposal. Shred Nations will help your organization succeed with our industry-specific services.
Contact us to learn more by calling (800) 747-3365 or filling out the form. We will send you free, no obligation price quotes on financial documents shredding services in just minutes.