Aug 13 2010
Workplace Identity Theft: Shredding
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.
If you own a business, make sure to destroy sensitive documents prior to discarding them, to decrease your legal liability. Businesses are required to destroy all consumer information before discarding it in the trash. The Fair & Accurate Credit Transaction Act (FACTA) Disposal Rule states that ‘‘any person who maintains or otherwise possesses consumer information for a business purpose’’ must properly destroy the information prior to disposal. FACTA further states that every person and/or business must take ‘‘reasonable measures’’ to protect against unauthorized access to the use of the information in connection with its disposal… Click Here to Continue.






During your fraud training exercises, fostering an attitude of curiosity (or in the corporate world, a culture of curiosity) is the most powerful critical thinking skill in your arsenal of tools to protect sensitive information. Employees who can think critically and ask the right questions regarding data privacy make up the fabric that supports a Culture of Privacy. Interrogation is the art of questioning someone thoroughly and assertively to verify intentions, identities and facts.