They may be expensive office equipment, but, paper shredders are actually necessary for protecting the company's interests and identity. According to the UK Fraud Protection Service (CIFAS), nearly two out of three cases of fraud in 2013 were identity thefts or account takeovers; crimes that can be committed by simply rummaging trash bins for old documents. Even seemingly useless papers like old bank receipts can be used by fraudsters these days.

As such, it is important for businesses and ordinary people alike to shred what they don't need in order to protect themselves. This is the reason why storage companies also provide reliable shredding services since they can also be instructed to shred any documents they have in storage at the request of their clients. CIFAS says that papers containing personal information (i.e. old employee records) should always be shredded before being disposed.

However, some papers (like tax returns) may need to be kept long after they've served their purpose. Correspondence between and among employees, officers, and other businesspeople need to be analyzed carefully before they can be sent to the shredder, although it may also be prudent to keep them for future reference. Regardless of their fate, such documents need to be stored in secure storage facilities for safekeeping.




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