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The Cost of Security

By Shopify API March 26, 2019

Many small businesses these days have very little knowledge of what documents they should be shredding and how often. As a result, many documents that should have been shredded end up in the trash, with their private info easily accessible. According to a recent IBM study, a data breach could cost a company around $217 for each document lost. A misplaced manila folder filled with private information such as social security numbers can quickly accrue unforeseen costs for a company. Furthermore, small businesses can be cheating themselves out of savings by hiring a shredding service every single time they need to shred something. While these services have their benefits, the cost of owning and operating a durable and secure office shredder is considerably less than repeatedly hiring a mobile shredding service. $1500 dollars spread out over ten years comes out to only $150 a year. Despite popular belief, a decent mid-range shredder could last over ten years without a hitch. Not only are these shredders long-lasting, but owning a personal shredder allows the user to choose the security level that best suits their needs. Whether a company is just looking to reduce bulk through strip-cutting large quantities of paper, or looking to shred top secret material to an NSA-certified particle size, purchasing a personal shredder can satisfy their needs. In this infographic, we dive deep into the statistics and data surrounding what documents a small business should be destroying, and the practices involved in properly disposing of said documents. In addition, we examine the some of the common myths involved in owning a personal office shredder versus hiring a shredding service. Are your documents really safe?  

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