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Financial Services

Secure your confidential information with document destruction services from the world leader in information security.

The success and failure of financial service businesses relies largely on the organization’s reputation and integrity. Both consumers and corporate clients expect service and performance built on a foundation of privacy, confidentiality, and information security.

And yet, according to Trustwave Global Security Report, up to 14% of information breaches occurred in the finance and insurance industries,1 resulting in the theft of everything from card track data to financial credentials.

With numerous high-profile breaches, how financial institutions collect, store, and destroy confidential information is coming under increased scrutiny.

Protect your business. Get Shred-it.

Do the math.

Information breaches are on the rise in Finance:

937%

year over year increase in 2016

Source: Security Trends in the Financial Industry, IBM Security. 2017

Approximately 

200 

MILLION

records were stolen last year

Source: Security Trends in the Financial Industry, IBM Security. 2017

Information from Financial firms were breached 

65%

more than the average organization

Source: Security Trends in the Financial Industry, IBM Security. 2017

And Financial Services companies that suffered an information breach:

Lost almost

3%

of their customers

Source: The Impact of Data Breaches on Reputation and Share Value. Ponemon Institute, 2017

Saw a stock decline of nearly 

2%
Source: The Impact of Data Breaches on Reputation and Share Value. Ponemon Institute, 2017

Took 

2½ 

months to recover financially

Source: The Impact of Data Breaches on Reputation and Share Value. Ponemon Institute, 2017

“We have the best cyber-security. It can’t happen to us” – think again

Not everything you collect, store, or handle is digital. When financial forecasts or year-end results get printed for a meeting, when reports or agendas are circulated for a meeting, they are at risk of getting into the wrong hands if they are not handled and disposed of properly and securely.
And for that reason alone, every financial business is at risk of an information breach regardless of size, type, or location.

Up to 25% of information breaches are caused by employee error or negligence.2

It’s not just you that you have to worry about. In an industry that relies on privacy and confidentiality, the reality is that many information breaches happen not because of inferior firewalls or passwords, but because of employee error, negligence, or poor judgement!
You may be doing everything you can but one employee, casually dropping a draft financial report into recycling, can undo everything.
With a quarter of your risk coming from inside, you need to ensure your employees know how to identify, handle, and securely dispose of confidential information – whether that information is digital or in paper form.

recycle bin

"Meets our compliance regulations of shredding our material at our location. Pricing is where we need it to be. Convenient automatic pickup scheduling and come when they are scheduled. We especially like the people who come into our business to empty our containers. Very professional and friendly!" Ameriprise Financial

"Very easy to schedule and very nice hard working drivers and shredders." Schnell Financial Group

"The proactive approach to giving your clients an awesome experience!" Northwestern Mutual Financial

"Very professional. The easiness of tossing papers into the bin. Not worrying about me shredding tons of paper. You are doing the work for me." Mustard Seed Financial

Learn to recognize the risks.

Financial institutions of every type collect some of the most sensitive, private, and confidential information there is.
What happens to that information when it is no longer needed, can become the source of an information breach!

If you create, collect, or dispose of these types of documents, you and your organization could be at-risk of an information breach.

  • Payroll Forms
  • Financial Statements
  • Balance Sheets
  • Income Statements
  • Contracts
  • Personal Financial Statements
  • Invoices
  • Purchase Orders
  • Foreign Exchange Transaction Slips
  • Inter-institution Transaction Slips
  • Tax Filings and Internal Audit Forms
  • Development Plans

Protecting your confidential information isn’t just good business, it’s the law!

Like most industries that work with private and confidential information, the financial sector is heavily regulated and governed by federal, state and municipal privacy legislation. And laws designed to protect identities, financial data, and personal privacy come with strict rules and strong fines. We can help you stay compliant.

In addition to industry regulations governing information privacy, here are a few of the key information security laws that also apply: 

  • Gramm-Leach Bliley Act
  • Sarbanes-Oxley Act
  • Privacy breach notification laws enacted by each state 
  • Payment Card Industry (PCI) Security Standards
  • General Data Protection Regulation (GDPR)
  • Fair and Accurate Credit Transactions Act (FACTA)
  • Red Flag Rules

We know the relevant legislation and we can help you stay compliant.

Protecting your confidential information isn’t just good business, it’s the law!
legal services

Services we typically recommend for the Financial Industry.

  • On-demand Shredding

    service to clear-out the clutter that always builds up when you are storing financial records
  • Media Destruction

    service destroys digital information found on anything from USB keys to CD/DVD-ROM storage
12017 Trustwave Global Security Report
Cost of a Data Breach. Ponemon Institute. 2017

Get informed. Stay protected.

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