One of the downsides to the increase and advancements of technology is the ease to which criminals can commit potential identity fraud. Disposing of personal and sensitive information is crucial for individuals and companies alike, but it can be a time-consuming, tedious task. Secure document destruction services have become a staple for many businesses in lieu of shredding documents themselves. Here are three industries that have the most to gain, and lose, when it comes to secure document destruction.
1.) Healthcare: It comes as no surprise that the medical field is filled with sensitive documents and information. Upon arriving at most healthcare facilities you’re usually required to fill out multiple forms asking for a range of personal data. In fact, 43% of all security breaches occurred within the healthcare industry, according to the Ponemon Institute. The sheer volume of material hospitals and doctors offices have to manage is reason enough to invest in professional confidential shredding services.
2.) Government: If the healthcare field is filled with secure documents, the government is overflowing. Virtually every aspect of government functions in sensitive information in one way or another. It could be in the form of files on citizens, data on projects, or areas such as benefits fraud which accounted for 34% of reported identity theft in 2013. In fact, 10.2% of identity and data theft overall occur in the government sector. Secure document destruction is imperative to keeping the U.S. safe.
3.) Banking: While much less identity fraud activity happens in the banking industry, it still accounts for 3.7%. What it lacks in quantity, it certainly makes up for in importance. Access to a person’s banking and financial information is one of the easiest ways to successfully steal someone’s identity. Banking institutions need to be diligent and consistent in their efforts to destroy any and all documents that could harm their customers.