How Data Losses Damage your Business Reputation

There has been a quiet revolution taking place across the worldwide web that threatens every business, charity and governmental organization in this country.

Yahoo, eBay, Equifax, Wonga, ‘3’, ABTA, Sodexo, Tesco Bank, Sport Direct, Ashley Madison and the NHS have all experienced major data losses, or in the case of the NHS have been prevented from accessing their IT systems though hacking and data theft.

With GDPR regulations well in place, falling victim to these breaches don’t only pose threats such as substantial fines, but also towards your organizations reputation. Unnervingly these reputation related ramifications are often overlooked by many businesses.

So, in our latest article experts at Shredded Neat discuss how suffering data loss can ruin your reputation, and the resulting potentially catastrophic impacts that this can have on your company.

Data Breaches are becoming a growing issue

According to the 2018 Cyber Security Breaches Survey, 43% of businesses had reported cyber security breaches or attacks in the last 12 months, rising to 72% amongst large businesses.

A major data breach can be a major public relations and/or commercial disaster, particularly for companies which trade on their reputation and brand in the marketplace. Even worse, if your company is in any way connected with the security industry, it can be a killer blow to your reputation within this sector.

To emphasize this point, according to a study by KPMG, 19% consumers would completely stop shopping at a retailer after a breach, whilst 33% would take a break from shopping there for an extended period.

These worrying figures are exactly why it’s even more important to be aware. As businesses we all should all be aware of where are data is stored, who can access it, what technology is being used to store it and ensuring that only data necessary to service existing customers is retained.

How can Shredded Neat assist you with your data?

If you have any confidential data that is no longer needed, Shredded Neat can securely destroy this information ensuring that it could never be accessed if the worst was to happen.

Shredded Neat has been providing comprehensive services to organisations across the South-East to help them meet their GDPR compliance objectives.

Furthermore, our experts have helped organisations put in place more secure, lockable containers for confidential documents, alongside collecting and securely destroying data on Hard Disk Drives, magnetic tapes, DVDs, CD-ROMs, X-rays and film data. Learn more about data destruction at Shredded Neat.

Contact the Shredded Neat team today!

If your organisation has any confidential documents that you need to be securely destroyed, then choose one of the most professional and reliable shredding companies.

To speak to a member of the Shredded Neat team regarding the services that we offer, give us a call now on 0800 234 6660.

Alternatively, if you can’t speak to us over the phone right now, you can also request for us to give you a call back at a more convenient time by contacting us online.

 

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How Data Losses Damage your Business Reputation
MonkeyFish Marketing