June 17, 2019
Consumer trust and data security are making headlines around the world. Yet, despite this global trend, businesses don’t seem to be taking the issue of information security seriously. This week, Shred-it released its latest study on data protection, the 2019 Data Protection Report (DPR), and the results are surprising - and concerning. While businesses are incredibly confident that they will not suffer a data breach within the next 10 years, consumers are more concerned than ever. Consumers want businesses to demonstrate that they are making data security a priority, or, they will take their business elsewhere.
When one data breach has the potential to cost a business millions of dollars in lost revenue, not to mention loss to its reputation and committed customer base, our study confirms that businesses must take the issue of data security seriously or suffer the consequences.
The survey, conducted by IPSOS, looked at the data protection practices of both small and large businesses, employers and employees, and found the following in the Canadian market:
As you can see, it is critical that businesses implement the proper employee training and introduce workplace policies, such as a Clean Desk Policy or a Shred-it All Policy, to help reduce the risk of a data breach from happening.
To learn more about how Shred-it can protect your documents, please contact us to get a free quote and security risk assessment.