The effort to curb the rampant rise in corporate fraud and espionage.
Dunn’s Review estimates that corporate espionage costs U.S. businesses over $7 billion in losses annually. The U.S. Department of Justice estimates that an average of 34,000 property crimes, which includes the theft of confidential material, occurs every day. Those information thefts are caught only 2% of the time and cost businesses an average of $800,000 per instance.
The increased reliance on paper materials.
In sharp contrast to the predicted move to a paperless office, a University of Illinois study showed that paper consumption tripled from 1980 to 1990 and is projected to grow at an estimated annual rate of 14-16% through 2010.
The desire to manage and mitigate risk at the corporate level.
In a survey conducted by the Conference Board, top executives from 300 companies ranked the security of company records as one of the top 5 critical issues facing businesses today. Any establishment that discards proprietary data without the benefit of destruction exposes itself to the risk of criminal and civil prosecution, as well as the costly loss of business
Mobile shredding is the most economical way to securely dispose of your confidential information. The convergence of multiple factors has driven the increased demand for our services.