Shredding confidential information to protect personal information and sensitive corporate data makes solid business sense, especially when you consider the increasing financial cost of a security breach, not to mention the significant reputation damage that follows. Statistics show it can take as long as a year to recover from a security breach! Would your business survive?
With growing security threats worldwide, and more stringent privacy regulations, small and large businesses need to take steps to avoid becoming the latest victim of identity theft and fraud.
Want a few more good reasons to shred confidential information?
- Minimize the risk of a security breach – 43% of security breaches are caused by physical means like dumpster diving. If information is shredded, there’s nothing in the trash for data thieves and it reduces your risk of a breach.
- Prevent identity theft – One in 10 people are already victims of the fastest growing form of fraud worldwide. Shredding information at the source minimizes the risk of confidential information getting into the wrong hands.
- Enhance privacy protection – 41% of privacy breaches are caused by simple human error. By implementing a shred-all policy, you can eliminate document management confusion.
- Improve legislative compliance – Shredding documents before disposal, secure chain-of-custody procedures and a certificate of destruction are part of a comprehensive strategy that helps large and small businesses comply with increasingly stringent privacy laws.
- Reduce environmental impact – Each person generates 6.4 lbs. of a garbage every day so it’s not surprising businesses are looking at more sustainable practices that won’t compromise privacy protection. Recycling paper after it has been securely shredded is one way to reduce a corporation’s environmental footprint.
- Secure more than paper – Comprehensive information security means looking after electronics, hard drives and DVDs, as well as other proprietary non paper items like prototypes, product samples, medical bracelets, cheques, cards and casino chips.
Document management, legislative compliance and privacy protection doesn’t need to be complicated, but with the increasing threats out there, businesses can no longer afford to wait to take action on information security. Reputation damage, fines and lost sales are too high a price to pay.
The risk of printed information falling into the wrong hands remains a constant threat, despite increased use of technology and computers to exchange information. Files may be shared electronically, but printed copies are still the norm and the information they contain is often easier to obtain than the originals saved on a computer.