Protecting sensitive, confidential, or proprietary information is not voluntary. Every business is entrusted with sensitive data and required to guard that information in confidence, dispose of it using a trusted commercial paper shredding service company, and handle it at all times with discretion and care. With average data breach fines running into the millions, a secure and professional document shredding service in California is one of the best ways to protect your company from loss of revenue and fines.
That’s the maximum annual penalty of Criminal, or willful violations of HIPAA. Handled by the DOJ, and can be punished by up to 10 years imprisonment. In the case of a Healthcare provider, HIPAA violations can lead to exclusion from the Medicare Program, in addition to all other applicable penalties. This makes HIPAA compliant document shredding in Los Angeles critical and essential for all healthcare providers.
Businesses shall take all reasonable steps to dispose, or arrange for the disposal, of customer records within its custody or control containing personal information when the records are no longer to be retained by the business by shredding.
That’s the penalty for each violation of the Gramm-Leach-Bliley Act (GLBA).
That’s for each individual FATCA violation.