If you run a business you might have found yourself in a situation where you have needed some confidential waste disposed of. This often means working with a Confidential Waste Disposal Oxford company like www.printwaste.co.uk/confidential-shredding/confidential-shredding-oxford/ to have your items taken away and disposed of in a safe, efficient and secure way.
Confidential waste is essentially any document that an individual or a company creates that could reveal information about an individual or a company that if it was to end up in the wrong hands could lead to theft of identity, fraud or disclosure of information that could be detrimental. These could include contracts, invoices and even email conversations between companies and their staff, customers and their suppliers. In some cases the information could be used to blackmail an individual or a company. It is thought that identity fraud in particular costs around £2 billion a year. It is a lucrative market for those criminals looking to make money, and it comes with a hefty prison sentence.
It is for the reasons mentioned above that it is extremely important to have a process and in some cases a policy in place detailing how confidential information is identified, stored and then how it is disposed of. Companies like the one mentioned above have strict rules that they follow to ensure that confidential waste is handled correctly.
When not done correctly not only can it cost a company in terms of their reputation, but it can also come with a huge fine.