The importance of secure data destruction in today’s business landscape

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As a business owner, you have to be aware of the importance of data security. The world of data storage has changed dramatically in the past decade and it’s more important than ever for companies to keep their information safe from prying eyes. If your company does not properly destroy its data, it could be putting itself at risk for identity theft or compromising sensitive information about its employees and customers.

The World Of Data Storage Has Changed Dramatically In The Past Decade.

Data storage has changed dramatically in the past decade. Instead of being confined to hard drives and servers, data is now stored in cloud platforms, mobile devices and IoT devices. Even social media platforms are used as a form of backup for large amounts of information that needs to be kept safe from hackers or other malicious entities.

As we’ve seen with recent security breaches at Equifax (a credit reporting agency) and Facebook (the world’s largest social media platform), many companies have failed to adequately protect their customers’ personal information from cybercriminals who want nothing more than access to your private data so they can use it for nefarious purposes like identity theft or financial fraud.

If A Company Doesn’t Securely Erase Its Data, It Could Be Putting Itself At Risk For Identity Theft.

If a company doesn’t securely erase data, it could be putting itself at risk for identity theft. Data breaches have become so common that they’re now considered an inevitability in the business world–and if your company has been breached, there’s a chance that you’ll end up paying the price.

A recent study by IBM found that 84% of all data breaches come from inside the company (by employees), making it imperative to ensure that employees understand how important security is when handling sensitive information.

If someone steals or copies your sensitive information and uses it for fraudulent purposes such as opening new credit accounts or taking out loans on your name without your knowledge, this could lead to serious financial damage down the line if not caught early enough. In fact, according to Javelin Strategy & Research’s 2019 Identity Fraud Report: Fraud Victims Report $16 Billion Worth Of Losses Due To Fraudulent Financial Accounts And Transactions Created Using Their Personal Identities Or Information From A Previous Breach Incident That Was Never Reported To Law Enforcement Agencies Or Credit Bureaus Until After The Damage Was Done And The Fraudulent Accounts Were Closed By Their Banks/Financial Institutions Due To Non-Payment Which Resulted In Negative Credit History For Many Years Into The Future!

The U.S. Department Of Defense Requires That All Classified Data Be Securely Destroyed Before Being Sent To Other Parties.

In today’s business landscape, it’s more important than ever for you to be aware of the consequences of failing to secure your data. Data breaches can lead to significant financial losses, as well as ruin an organization’s reputation. For example, in 2017 Equifax was hacked and 143 million people had their personal information stolen by hackers; this resulted in lawsuits against the company and led many Americans (including me!) to change all their passwords. The U.S. Department of Defense has also made it clear that all classified data must be securely destroyed before being sent off-site or given away–this includes any type of information stored on hard drives or computer networks that could compromise national security if accessed by unauthorized parties–and they require third parties who work with them at least once per year for this purpose.[1]

Many Companies Were Shocked By The Number Of Data Breaches In 2015, And That Trend Is Likely To Continue Through 2016.

Many companies were shocked by the number of data breaches in 2015, and that trend is likely to continue through 2016. According to a report from Verizon, there were more than 1,500 confirmed data breaches last year–a record-breaking total for such incidents. While companies may have been able to protect their information from hackers on their own networks, it’s important for them to realize that even off-site storage facilities can be compromised by cyber criminals.

Companies need secure ways of disposing of sensitive information so they can avoid being targeted by hackers or accidentally leaking customer data into public hands. Data destruction services offer businesses multiple options for safely disposing of sensitive documents without risking any future security breaches at any point during or after disposal.

This Year Is Shaping Up To Be Another Bad One For Companies That Don’t Take Security Seriously

This year is shaping up to be another bad one for companies that don’t take security seriously. The number of data breaches in 2015 was at an all-time high, with more than 1,500 reported by the end of December. And experts say this trend will continue–as many as 2,400 breaches are estimated to occur in 2016 alone!

The cost and impact on a company’s reputation when its sensitive information is leaked is significant: A recent study found that every time a company experiences a breach, its stock price declines by an average of 3% over three months and costs them $1 billion per incident (not including legal fees). In addition, customer loyalty drops significantly after an incident; according to one report it dropped 25% among consumers who had been affected by such incidents within the past year.

If you want your business to succeed long term without suffering from these kinds of setbacks or losses due to poor cyber security practices then it’s essential that you begin investing now in improved protection measures against future threats.*

Conclusion

Data security is a serious issue for businesses today, and it’s one that can’t be ignored. If you’re looking for a way to protect yourself from data breaches and identity theft, we recommend using the services of an experienced data destruction company like Data Security Solutions. They can help you securely erase all of your sensitive information so that it doesn’t fall into the wrong hands–and they offer free quotes!

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