When you think of information security breaches, it might bring to mind hackers breaking into computers, stolen corporate laptops and cell phones that contain sensitive data, and accidental malware installation.
But the truth is, information breaches are not always electronic in nature. Did you know a large portion of information breaches comes down to companies not doing enough to properly destroy sensitive paperwork and possessing old hard drives containing confidential data? Security breaches are not only devastating to individuals, but also extremely costly for businesses. According to CIO Magazine, the average cost of a data breach in 2011 was $5.5 million. The article states that the most important category of that number stems from “lost business,” that includes “abnormal turnover of customers, increased customer acquisition activities, reputation losses, as well as diminished goodwill.
One of the top causes of information breaches is due to improperly disposing of sensitive data. Did you know that a trash can is a goldmine for savvy identity thieves? It can’t be emphasized enough that throwing away or placing sensitive data in a recycling bin is the wrong way to get rid of paperwork. In order to be properly destroyed, the paperwork must be burned, shredded or pulverized so that it cannot be read or reconstructed.
Here are 10 ways to make sure information breaches don’t happen to you:
Investing into proper data security will save you from costly fines, legal action, a PR nightmare, and customer distrust.
To get started with a shredding compliance program, contact Eagle Secure Shredding today at 770-619-5300.