information security
SENSITIVE ISSUE
Lloyd Williams, founder and chairman of Shredall SDS Group explores the
evolution of the information security industry over the last two decades.
S
ecurity is paramount, in
every aspect of our lives.
Businesses are constantly
looking into new ways to
make our homes, cars and
shopping experience more safe and
secure and banks are becoming
savvier too, with sophisticated
technology enabling them to
detect fraud quicker. We’re growing
wise to the methods and patterns
of criminals and cyber criminals
and yet the estimated annual cost
32 | June 2017
of fraud in the UK was £193bn last
year, according to The Annual
Fraud Indicator 2016, equating to
more than £6,000 lost per second
every single day. Business fraud is
estimated to account for £144bn
of that.
As a business that champions
the safe disposal of sensitive
information, it is shocking to
read statistics like that – and yet
at the same time we can believe
that fraud is on the up. Why?
Because, like us, criminals and
cyber criminals are growing even
wiser; they’re finding new ways
to operate and often in groups
rather than individuals these days.
And despite the introduction of
the Data Protection Act 1998
(DPA) (legislation that completely
transformed the information
security industry) there are so
many businesses still unaware that
there is a correct way to dispose of
their confidential waste.