The following is an excerpt from John’s latest book Privacy Means Profit. To learn more and to purchase the book, visit our website www.ThinkLikeASpy.com.
For businesses, shredding is low-hanging fruit (one of the easiest sources of data breach to eliminate). But businesses are so often focused on electronic forms of data breach that they fail to heed the following statistics highlighted in a recent Ponemon Institute study conducted for the Alliance for Secure Business Information:
- More than 50 percent of sensitive business data is still stored on paper documents.
- Forty-nine percent of data breaches reported in the survey were the result of paper documents.
- Sixty percent of businesses admitted that they didn’t provide the proper tools (e.g., shredders) to safely discard documents that were no longer needed.
- The average data breach recovery cost according to this survey was $6.3 million.
Posted in Fraud Detection & Prevention, Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: Document Shredders, Identity Theft Prevention, Privacy Means Profit, Shred, Shredding, Sileo, Workplace ID Theft
Fellowes Powershred
Who cares about document shredders in a digital world? You should. We were supposed to have gone paperless by now, right? Rubbish. Paper rubbish, in fact.
You and I both know that we use as much paper as ever. We sign up for electronic statements and then print and file them, along with important emails, financial documents, etc. Paper documents are more plentiful than ever, and they pose a significant risk of workplace identity theft and data breach.
According to a recent study conducted by the ASBI: 80% of large organizations surveyed indicated that they had experienced one or more data breaches over the previous 12 months. 49% of those breaches involved the loss or theft of paper documents. The average breach recovery cost $7.2 Million!
Many businesses fail to realize is that paper documents pose just as much of a risk to an organization as electronic documents.
Posted in Identity Theft Prevention, Product Endorsements by Identity Theft Speaker John Sileo.
Tags: Alliance for Secure Business Information, ASBI, Best Practices, Data Breach, Document Shredders, Document Shredding, Fellowes, Fellowes Shredders, identity theft expert, John Sileo, Paper Shredders, shredder selector, Workplace ID Theft
