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Why Paper Shredding Is So Important

By on May 26, 2018

One of the worst situations to wind up in is that of identify theft. This is not just risky for the individual citizen, it is downright dangerous for a business. It can compromise financial assets and so much more. This is exactly why any and all businesses need to have access to great paper shredding tools.

In just the year of 2016, almost one in every sixteen United States adults fell victim to identity theft. Any type of identity theft is going to leave someone exposed unless they can act quickly to protect their assets. However, the even swift action is not fast enough to stop someone from spending your money or opening up accounts in your name.

More often than not, a thief will get someone’s identity from hacking or online documents. If you are going to get the software to protect your technology, then get paper shredding to help you protect information on paper. Between the year of 2015 and 2016, the number of identity theft situations jumped up from nearly 16%.

Nearly 90% of identity thefts use information gained from print sources rather than those found online. This stat directly points to the benefits of using paper shredding tools and shredding companies. If you do not have the proper tools yourself, you can just hire shredding services to come to your business and help get rid of important documents safely.

Identity theft is the single fastest-growing crime in the nation. This is now a $50-billion-a-year industry that continues to expand its reach. So again, hire the right kind of professional shredding companies and you are in the clear. They will help you shred everything up and have some of the best paper shredding technology to do so!

In the United States, businesses will lose $48 billion every single year because of corporate identity theft. So do not take any risks with your business and all of your finances. Smaller sized businesses need to have just as much protection as larger scaled businesses so that they can function properly and make money.

The 2015 Data Security Incident Response Report by law firm BakerHostetler revealed that one in five breaches that the firm handled in 2014 involved paper records. In 2015, businesses were affected by 312 data breaches, which affected 16.2 million people. In that very same year of 2015, medical and healthcare facilities were affected by 277 data breaches, which affected 113 million people.

In Conclusion

Every single year businesses will lose out on money because they fail to protect their business from identity theft criminals. There are criminals that make their life earnings by stealing information through various methods. So if you think that you are going to be safe without great paper shredding technology, then think again. Make sure you do everything in your power to get the most out of your paper shredding services!

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