Insurance

Secure Shredding Services for the Insurance Industry

As an insurance company or an insurance broker, you provide your customers with the peace of mind that their assets are properly covered against loss, theft, or damage. Your relationship with your customers relies on transparency, confidentiality and trust. And whether it’s property or life insurance, your customers expect you to keep their personal, private information safe and secure from the threats and risks of an information breach.

And yet, up to 14% of information breaches occurred in the finance and insurance industries last year, resulting in the theft of everything from hospital and health records to financial data and credentials.¹

With numerous high-profile breaches on the rise, how the insurance industry collects, stores, and destroys confidential information is coming under increased scrutiny.

Protect your business. Protect your reputation. Get Shred-it.

The impact is real.

The average cost of a data breach now exceeds

£2.48M

Cost of a Data Breach. UK Ponemon Institute. 2017

Insurance and finance are the

3^rd

most frequently breached sectors globally

Source: 2016 Trustwave Global Security Report

18%

of the breached information contain credentials that lead to identity theft and fraud

Source: 2016 Trustwave Global Security Report

“We have state-of-the-art security. It can’t happen to us”

Not everything your organisation collects, stores, or handles is digital. When financial information or year-end results are printed, or 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 insurance company is at risk of an information breach regardless of size, type, or location.

Up to 28% 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 just because of inferior firewalls or weak passwords, not because of malicious hacks or cyber attacks, but because of employee error, negligence, or poor judgement!

You may be doing everything you can but one employee, casually dropping a resolved insurance claim into the 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.

Learn to recognise the risks.

In the insurance business, it’s a safe bet that every document you or your employees handle contains some form of confidential information.

Whether its customer health records or property assessments, or your own financial forecasts and actuarial tables, you have a lot of information to secure.

If you create, collect, or dispose of these types of documents, you and your organisation could be at-risk of an information breach ––

Payroll
Financial Statements
Balance Sheets
Income Statements
Contracts
Personal Financial Statements
Tax Filings and Internal Audits
Development Plans and Forecasts
Personal Customer Information
National Insurance Numbers
Healthcare Provider Numbers
Medical records and claims
Healthcare provider payment reports
Accident Claims
Personal Injury Reports

Protecting your confidential information isn’t just good business, it’s the law!

Like most industries that work with private and confidential information, the insurance sector is heavily regulated and governed. And laws designed to protect identities, medical information, financial data, and personal privacy come with strict rules – and strong fines for violating them. We can help you stay compliant.

In addition to your industry regulations governing information privacy, here are a few of the key information security laws that also apply:

Payment Card Industry (PCI) Security Standards
General Data Protection Regulation (GDPR)
Data Protection Act

We know the relevant legislation. We can help you stay compliant.

Services we typically recommend for the Insurance Industry.

Document Destruction
service on a regular schedule helps keep you protected 24/7
Hard-Drive Destruction
service ensures data from old computers is irretrievable
Media Destruction
service destroys digital information found on anything from USB keys to building access cards

On-demand Shredding
service to clear-out the clutter that always builds up
Speciality Shredding
service makes sure that your brand is protected by destroying everything from old uniforms to corporate promotional items

¹2017 Trustwave Global Security Report
² Cost of a Data Breach. UK Ponemon Institute. 2017

Financial Services

Government and Public Service

Hotels

Healthcare

Legal

Insurance

C-Suite/Executive C-Suite

Human Resources

IT

Large and Medium

You give your customers peace of mind. Let us give you some.

Insurance

Secure Shredding Services for the Insurance Industry

Protect your business. Protect your reputation. Get Shred-it.

The impact is real.

The average cost of a data breach now exceeds

Insurance and finance are the

most frequently breached sectors globally

18%

of the breached information contain credentials that lead to identity theft and fraud

“We have state-of-the-art security. It can’t happen to us”

Up to 28% of information breaches are caused by employee error or negligence.2

Learn to recognise the risks.

Protecting your confidential information isn’t just good business, it’s the law!

We know the relevant legislation. We can help you stay compliant.

Services we typically recommend for the Insurance Industry.

Document Destruction

Hard-Drive Destruction

Media Destruction

On-demand Shredding

Speciality Shredding

Get informed. Stay protected.

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You give your customers peace of mind.
Let us give you some.

Up to 28% of information breaches are caused by employee error or negligence.²