The inability to discard worthless items even though they appear to have no value is known as compulsive hoarding syndrome. Given the vast amount of paper and digital media that amasses over time, effective information destruction policies and practices are now a necessary part of doing business. The Federal Trade Commission announced a $50,000 settlement with American Mortgage Company of Northbrook, Illinois, over charges the company violated the FTC’s Disposal, Safeguards, and Privacy rules by failing to properly dispose of documents containing consumers’ credit and personally identifiable information.”]
Source: https://www.csoonline.com/article/2123705/why-information-must-be-destroyed.html