Man and Woman Speaking

Data Protection Report

Financial Services

Nearly half of all financial services firms believe a data breach is likely to hit their company. 

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 the US. If training is left unaddressed, these organizations may have to suffer the consequences.

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Learn more about how American businesses can protect their organization from information security threats.

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Given a data breach is likely to occur, financial services firms are not prepared. This lack of training leaves them at risk. 

11%

of financial professionals said they have only train their employees once on information security procedures or policies

15%

of financial professionals said they have never trained their employees on how to identify common cyber-attacks

7%

of financial professionals said they have never trained train their employees on information security procedures or policies

17%

of financial professionals said they have only trained their employees once on how to identify common cyber-attacks

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

Tech/IT

Healthcare

Automotive

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.

Learn More

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 Americans better navigate this changing privacy landscape. The goal is to uncover – and quantify – both the risks and opportunities American 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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