Written by Michael Baxter. Published on Fresh Business Thinking.
Spring has sprung – and it’s not just your home that could use a seasonal makeover, your business operations could also benefit from some serious decluttering.
Indeed, for businesses large and small, misplacing documents, files and electronic devices remains one of the key causes of security breaches. According to an information security breaches survey commissioned by the UK government, 90% of large organisations and 74% of SMEs reported a security breach, leading to an estimated total of £1.4bn in regulatory fines.
And in anticipation of the impending enforcement of the EU General Data Protection Regulation (GDPR) legislation in May 2018, it’s more important than ever for businesses to take stock of their information security processes. The GDPR will introduce penalties of up to €20m, or 4% of annual worldwide turnover, far exceeding the current maximum of £500,000. If data breaches remain at 2015 levels, this could see a near 90-fold increase in fines paid to regulators.
Disposing of old documents and electronic devices could save you and your organisation from falling victim to costly data breaches, fraud and reputational damage. Loose papers lingering around your desk and yellowing old documents stuffed into cabinet drawers could contain personal and confidential information which could put you at risk.
Businesses should securely dispose of old files, papers, and electronic devices to help protect such confidential information from insider fraud or security breaches caused by human error.
Here are Shred-it’s five top tips for a secure workplace spring clean:
The GDPR Conference Europe is being held on the 27th April, County Hall, London.
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