Sometimes when you run a business, you want to get rid of information without compromising the privacy and security of your operations. There are certain industries and companies that require the continual protection of business information. Learn below about the different industries that require careful attention to data and why you should consider secure data tape destruction.

Healthcare Industry

In the healthcare industry, the Health Insurance Portability and Accountability Act of 1996 (HIPAA) was created to protect the confidentiality of patient healthcare information. Medical practitioners learn about HIPAA rules as part of their job training. Anyone who violates HIPAA codes is punished appropriately because patients could sue the medical provider.

No one has to be a lawyer to understand and follow the terms of this law. You should understand that it is necessary to get rid of medical information professionally and without just throwing it in the trash can. Having a professional company destroy your confidential data tapes is the best solution.

Financial Industry

The U.S. Securities and Exchange Commission (SEC) was created to carry out laws involving securities in the federal government. The purpose is to regulate activities that involve securities, stocks and exchanges. The agency works to protect the interests of investors and promote fairness in the markets.

The SEC is required to keep reports of quarterly and annual activities. The information includes discussions of progress made in the past year, outlines of goals in the future and summaries of future projects.

The Sarbanes–Oxley Act (SOX) regulates how companies handle information that affects federal investigations. The bill lists the duties of the board of directors along with the requirements for complying with this law. The SOX and SEC allow some documents to be destroyed, but have rules about which documents must be preserved for record keeping purposes.

Many of the federal government’s financial reports should be handled carefully and stored properly. Since that is not always guaranteed, the data tapes containing unused documents must be destroyed. When it is time to buy a new data storage device, there is a FREE equipment evaluation and free same day shipping available.

Protect the Most Valuable Asset in Any Industry – Information

Everyone needs information to function normally. Without records and reports, people cannot keep track of the important activities that shape their lives. In most businesses, whether large or small, there is a special department that controls the handling of information. People working in billing and human resources departments are trained to protect the release and storage of data. To prevent the compromise of secure data, they have the documents destroyed when the time is right. You should only have a professional company perform secure data tape destruction because they understand how important it is to protect your most valuable assets. Get more information here.