Shred it orlando8/16/2023 ![]() ![]() Much of the cybercrime that took place had to do with phishing emails. However, the online nature of the pandemic only served to sharpen the cybercriminal’s mind. ![]() This is one of the secondary aspects of ID theft, according to Experian. They also lost out on overdraft fees and late payments due to the inability to pay. Sadly, consumers didn’t just lose out on the original theft. Usually, this was secured through incidents like data breaches, and often took the form of credit card sprees or bank account fraud. Almost 50 million people were victims of this type of cybercrime during that calendar year.Ībout 23% of those crimes consisted of what CNBC calls “traditional identity fraud.” In this case, bad actors stole people’s information for their own personal gain. According to CNBC, consumers lost $56 billion dollars to identity theft in 2021 alone. As a society, it seems we know plenty about how to make paper waste and not so much about disposing of it.Īll that’s certain is that it’s important to properly deal with this paper waste, not only because of the environmental impact but also because of the identity theft issues it can cause.įor the cybercriminal, identity theft is a HUGE business. It’s not an exaggeration to say that most people don’t know where to take papers that need to be shredded, whether it be residential or commercial. That is to say, your average local business probably tosses out more than a few utility bills, project specifications, printing rejects, old client invoices, and more. Moreover, there is some overlap with local businesses. A good portion of this waste consists of documents, like phone and other utility bills, old school papers, bank statements, invoices, tax forms, and other personal documents. In terms of local document destruction, residential neighborhoods are rife with documents of a personal nature. That’s a lot of potential for document destruction in a given year. It is estimated that 85 million tons of paper get thrown into the waste bin each year. In the Age of Information, information overload and paper waste stand at an all-time high. ![]()
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