Man and Woman Speaking

Data Protection Report

Financial Services

Financial services firms need to recognize that lack of internal policies and human error are the top causes of a data breach.

The 2019 DPR confirms that human error is the primary cause of a breach meaning that employee training must become a priority for financial services and accounting firms across Canada. If these are left unaddressed, these organizations may have to suffer the consequences.

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Learn more about how Canadians feel about information security threats. 

Data Protection Report Cover

Employee or insider error is the leading cause of a data breach  

28% of financial professionals train their employees on information security procedures twice a year or more frequently.


Given that human error is a leading cause of a breach, financial services firms must prioritize employee training programs and policies to ensure that information is safe. This proactive approach will enable organizations to take the lead when it comes to protecting their customers' data.

Read our Executive Summary for a sneak peek of the Shred-it Data Protection Report.

Learn more about the information security trends in other industries.

Legal

Hospitality

Education

Healthcare

This year, Shred-it studied several groups to best understand the information security perceptions and behaviours across a broad spectrum of audiences.

C-Suites & SBOs

Find out how leaders of both small and large businesses feel about information security practices in their business.

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Employees/ Employers

Learn more about the differences between employees and employers when it comes to data protection.

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Consumers

Discover how the general public reacts to corporate data breaches and how it impacts their daily lives.

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About the Data Protection Study & Report

In its 9th year, this survey identifies the insights, opinions and best practices of data protection among Small Business Owners (SBOs), C-Suite Executives (C-Suites) and members of the public at large from across the country to help Canadians better navigate this changing privacy landscape. The goal is to uncover – and quantify – both the risks and opportunities Canadian businesses and consumers face, including the upsides and downsides of mishandling data and/or being breached. While the previous reports were branded as the Shred-it State of the Industry Report, this year it has been renamed to the Shred-it Data Protection Report – a name that more closely reflects the focus of the report and the value of the intelligence it provides.
 

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