Should this be shredded? If this gets into the wrong hands, is this something of importance or value? Does this contain personal information that could be detrimental to someone's identity? Do these questions sound familiar? These are questions that many individuals ask on a daily basis when disposing of records. Unfortunately, a common solution is to just throw these items away, which in most states, is illegal.
News headlines have been flooded with reports on information being found in dumpsters due to the improper disposal of confidential information. It's no secret that this issue can cause a series of problems if a breach occurs; one in particular is how much that breach costs. Last year, a study by the Ponemon Institute revealed the average cost of a data breach to a facility is costing $3.5 million, up 15% from 2013.
Now for the good news, utilizing a shredding service can not only save you the trouble of becoming headline news but is a significantly lower cost option then settling a breach. Dependent on location, facility size, frequency and some other factors, a smaller facility on average may only pay $400 annually or $33 monthly to invest in a shredding service . Larger facilities, with multiple locations may pay around $40,000 annually or $3,000 monthly to properly dispose of confidential information*.
In addition to lower costs, shredding services will work with you on frequency of pick up. Consoles or totes can be dropped off and picked up in a convenient manner. No more worrying about something you threw away, it's locked in and ready for transportation to be destroyed.
Lastly, consider the reputation and loyalty you have with your customers. Everyday, they trust in you that their information is protected. With a shredding service, you can feel at ease that you are taking every precaution necessary to keep your information and others confidential.
* These factors are estimates, for a more accurate quote please notify your shredding service provider.
Have your files met their retention periods? We provide the following services at NO COST to your facility! * File room purge of archival x-ray film * Move your record storage to AMS. Additional services with competitive pricing: * Record Storage with Digital Retrieval * Scan-on-Demand * Document & Media Destruction.
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