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June 08, 2017
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An information security risk assessment is an effective way to identify your workplace's biggest security gaps.
A surprising 70% of organizations in a recent global Enterprise Risk Intelligence survey are unaware of their critical assets and vulnerabilities. A security risk assessment identifies information security risks as well as safeguards and processes to help mitigate those risks. They are often a requirement of specific privacy laws too.
Cyber security risk is one obvious area that needs to be evaluated in the workplace but a security risk assessment will also delve into other areas including document security, employee training, data storage and destruction practices, and remote protocols.
Last year, nearly 2,000 reported data breaches in the United States exposed more than 2.9 billion user records, according to Risk Based Security’s annual data breach report. The U.K. had the second most reported breaches with 203.
While data breaches can do irreparable damage to a company’s reputation and customer loyalty, every year the cost of fraud continues to grow, according to Shred-it's 2017 State of the Industry Report. Last year, the average cost of each lost or stolen record in North America was between $200 and $300.
Here is how to implement an effective security risk assessment.
STEP 1: DISCOVERY
A risk assessment should look at all systems that contain sensitive information and are critical to operations.
STEP 2: CORRECTION
Improve information security best practices based on security risks.
STEP 3: PREVENTION
Use the risk assessment to make better-informed decisions around information security.
To learn more about how Shred-it can protect your documents and hard drives, please contact us to get a free quote and security risk assessment.
Fill out the form or call 888-750-6450 to start protecting your business today!