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Workplace Identity Theft: Shredding

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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.

 

Privacy Means Profit

Prevent Identity Theft and Secure You and Your Bottom Line

This book builds a bridge between good personal privacy habits (protect your wallet, online banking, trash, etc.) with the skills and motivation to protect workplace data (bulletproof your laptop, server, hiring policies, etc.).

In Privacy Means Profit, John Sileo demonstrates how to keep data theft from destroying your bottom line, both personally and professionally. In addition to sharing his gripping tale of losing $300,000 and his business to data breach, John writes about the risks posed by social media, travel theft, workplace identity theft, and how to keep it from happening to you and your business.

Paper Document Shredders: Fellowes Tears it Up!

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fellowes-shredderFellowes 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.

Shredding is the most concrete form of identity theft prevention and the only way to help ensure that all confidential information included on paper documents remains just that…confidential.

I also know how important it is to find a quality shredder and one with cross-cut capabilities that fits your offices’ individual needs. Watch the video for more tips on proper shredding.

Not all paper shredders are created equal

I only use Fellowes Shredders. Here’s why:

  • Fellowes, Inc. is the leading shredder manufacturer, which means that it has a shredder for every situation, home or office. It is an established, reputable company that stands behind their products with research, warranties and education.
  • Fellowes shredders come with 100 percent Jam Proof technology, which means that they work when you need them most.
  • I love the SafeSense feature, which disables the shredding device if human fingers get too close. That makes it safe for my young kids.
  • They provide confetti shreds that are less than 2”, making it nearly impossible to re-construct the document.
  • They last!

Want to find out which shredder is right for your unique office environment? Use this Fellowes Shredder Selector Tool.

John Sileo became America’s leading Workplace Identity Theft Speaker & Expert after he lost his business and more than $300,000 to identity theft and data breach. His clients include the Department of Defense, Pfizer and the FDIC. Learn more about bringing John to speak at your next event by contacting him directly on 800.258.8076.