company spotlight Shred-It Securing your information Think you’re saving money and keeping your confidential information safe by shredding your own documents? You may be shocked to find out how much you’re risking…and what it could actually cost you. And if you’re simply recycling them, that’s even less secure. Here’s why: The cost of not having a secure document disposal solution in place is extremely risky. It could cost you not only your customers and associated revenue, but also your good business reputation. Check out these facts: • In 2010, the average data breach cost $7.2 million in lost revenue and fees.* • On average, organizations have experienced 2.7 breaches in the past two years.** • Of those that experienced breaches, 53% say the impact was moderated, while 21% said the impact was significant.*** • On average, it takes 11.8 months to restore an organization’s reputation after a data breach.**** It’s not just the equipment you may be using. Think of everything else that shredding your own documents involves: • Strip shredding isn’t secure because those documents can be pieced back together. • Using your own employees to do your shredding is time consuming and equals lost productivity for your core business operations. • You’re leaving it up to your employees to decide what is and isn’t confidential information. • Surprisingly, 41% of security breaches are caused by simple human error.*****
Recycling your confidential documents is even riskier If you recycle your confidential information, or simply throw documents into the garbage, you’re making a very risky choice. Consider that: *2010 Annual Study: Global Cost of a Data Breach, Ponemon Institute, LLC 2010 **http://www.cioinsifht. com/c/a/Securiity/How-DataBreaches-Can-Affect-Brand-andReputation-888678 ***How Data Breaches Can Affect Brand and Reputation, Bob Violino, 2011 ****How Data Breaches Can Affect Brand and Reputation, Bob Violino, 2011 *****2011 Shred-it Security Tracker, powered by Ipsos Reid. ******Javelin Strategy and Research, 2009
• Entire documents full of private information are leaving your premises. • The content in your documents or eMedia is completely visible or accessible for anyone to handle and steal • In fact, malicious attacks are behind 31% of all information breaches.******
Choosing the Paper Shredding Service That Suits Your Needs One of the most reliable information security strategies today is to completely destroy private information when it is no longer needed – and that means having it professionally shredded.
One-time clean out or ongoing services are two common options available.
A one-time shredding service is often used by companies that need to dispose of large volumes of unwanted or unneeded paper documents – due to a move, major clean-up, plant closure, etc. Confidential materials are collected and securely transferred to our mobile shredding truck on-site and destroyed.
32 The Anchor Second Quarter, 2014