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Gramm Leach Bliley Act

Written by Josh Dodes
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The Gramm Leach Bliley Act, also known as the Financial Modernization Act of 1999, is one of several new regulations that make proper document destruction an essential security measure. Governing the use of customer information by financial institutions, it is part of a broader trend towards protecting consumer privacies. As most Americans are well aware, those privacies are under attack to a greater extent today than ever before.

The unfortunate fact is that many of the high-tech crimes which have become more prominent--from identity theft to industrial espionage and beyond--originate in a decidedly lower-tech environment: Dumpsters. More frustrating still, even the U.S. Supreme Court has been forced to acknowledge that Dumpster diving is not illegal. As a consequence, it is incumbent upon financial institutions to uphold a higher level of confidentiality than ever before.

Following the Gramm Leach Bliley Act

Following the Gramm Leach Bliley Act has recently become significant easier. Thanks to a select group of top document shredding firms that have embraced new document destruction technology, securely destroying documents is both quicker and more cost-effective than ever before. Utilizing mobile units capable of shredding files at a dazzling rate of 6,000 pounds an hour, the best of these shredding firms make it easy to protect your customers' privacy without significantly compromising your bottom line.

The need for increased security is simply a fact of modern life. No longer, however, must financial institutions make painful choices between confidentiality and expense. Today, if you know where to look, you can finally have the best of both worlds.

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