Get your FREE information security risk assessment from Shred-it* BOOK NOW Over 170 service centers in North America and around the world. Find Your Service Center United States Customer Login 888-750-6450 CONTACT US ABOUT US FAQS ESPAÑOL SERVICES INDUSTRIES PRICING RESOURCE CENTER BLOG SEARCH Let Shred-it help protect your most valuable assets. GET A QUOTE 888-750-6450 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. "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. Services we typically recommend for the Financial Industry. Document Destruction service on a regular schedule helps keep you protected 24/7 Hard-Drive Destruction service ensures data from old computers or photocopiers is irretrievable 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 2 Cost of a Data Breach. Ponemon Institute. 2017 Get informed. Stay protected. Periodic emails that keep you up-to-date with the latest in workplace privacy news, trends, promotions and best-practices. To review our privacy policy click here. *First Name *Last Name *Your Email Address Company GET A QUOTE Call Now 888-750-6450 Shred-it® is a Stericycle solution. North American Shred-it locations are NAID Certified for mobile document destruction, adhering to the stringent security practices and procedures established by the National Association for Information Destruction. CAREERS PRESS ROOM SERVICE FEES LEGAL SITEMAP Shred-it® is a Stericycle solution.