Martin Yale Intimus Paper Shredders

Many people never heard of a paper shredder (also called a document shredder) until the infamous Watergate break-in scandal during the early 1970s. Today most people recognize the value of shredding personal and financial documents.

Paper shredders are used to cut paper into very fine strips or tiny paper chips. Government organizations, businesses, and private individuals use shredders to destroy private, confidential, or sensitive documents. Privacy experts often recommend that individuals shred bills, credit card and bank account statements, and other documents that could be used by thieves to commit fraud or identity theft.

Paper Shredders = Security, Privacy & Confidentiality

The government and armed forces have long recognized the need for document destruction. In fact, early Shredders were designed primarily for military use. Commercial businesses, however, represent two-thirds of the $300 million market for shredder sales in the US. The primary requirement for these companies is to maintain confidentiality and privacy of information, from both internal and external sources.
According to the American Society for Industrial Security, industrial espionage will account for over $60 billion in losses for American industry this year. A large part of this loss stems from the misuse of paper documents, stolen formulas, marketing plans, customer lists, etc. The loss is growing each and every year.

New state and Federal regulations are holding companies, financial institutions and health care providers responsible for inadequate protection of personal client information. These regulations have established both civil and criminal penalties for failure to comply with these guidelines.