In an increasingly digital world it has become easier than ever for people to steal personal details and then the identities of the victims. In fact, it’s estimated that identity theft in Australia has already cost people $500 million. With such high values at stake, it’s not surprising that identity theft is so common.
Naturally, this has led to an increase in digital security as companies and individuals try to protect their data. But, one area that is still overlooked is physical documents. While t may seem like digital information is easier to access, for the right people, grabbing physical files can also be extremely rewarding.
That’s why all businesses should be investing in security shredders to help ensure that all personal information is destroyed and that which needs to be kept is secure.
1. Protect Personal Information
As mentioned, physical files can be easily taken and they are often neglected as the focus is on protecting digitally stored data. The problem is that physical paperwork can often contain more information in one sheet that an entire digital file.
It’s a goldmine for people looking to steal identities, which makes it worth accessing. The simplest way to avoid information being stolen is to use product destruction services. They will ensure the paperwork cannot be read.
2. Assure Brand
You regularly hear about data breaches. Some are huge, others seem less serious. But, in all cases, the company with the breach is immediately under review and viewed suspiciously by customers and investors.
The business will need to work much harder to convince everyone that they take security seriously and that you can work with them without worry.
If the business isn’t successful in reassuring customers and investors, it will lose many of them. This can be devastating to the business.
3. Comply With Insurance
Businesses need to have insurance as this reduces their exposure to a variety of risks. However, insurance policies usually have conditions. These are often listed in the small print and you may not be aware of them until you encounter an issue.
But, the responsibility is on the business to comply and, if you don’t, the insurance company can refuse to pay out on any claim. That can be devastating or even force the closure of the business.
You’ll find that one condition in the small print of most policies is the correct and secure disposal of personal and confidential information.
In short, you need to do it.
4. Help With Climate Change
Paperwork sat in offices equates to a greater fire risk s well as an increased likelihood of it being lost or stolen. The truth is that this paperwork doesn’t benefit anyone.
However, if the files are no longer needed and they are properly disposed of, the paper can be recycled and used again. That eliminates the risk of data being stolen and helps to reduce the number of trees that need to be cut to create more paper.
In other words, using a product destruction service can actually help your business be more green.