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Data-Destruction Business Grows as Regulations Tighten

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Columbus Dispatch in Ohio reported on November 21, 2008 that companies putting private data at risk for identity theft are currently being fined thousands of dollars by government agencies. However, the problem of companies paying fines for improper disposal of personal data has led to the growth of information destruction businesses despite the current economy.

Tim Oberst, President and Chief Executive of Ohio Mobile Shredding and President-elect of the National Association of Information Destruction, said that established companies in the information-destruction industry are growing an average of 10 percent to 25 percent each year. He also stated that NAID went from 180 members in 2002 to 1,150 this year.

"The consumer has become more aware their information is in so many places and they have no idea how the company is protecting it," Oberst said. As concerns rise about identity theft and fines increase for improper disposal of documents, business continues to grow for destruction companies that manage secure document destruction of electronic and paper data.

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