Shredding has evolved tremendously over the past few years given the sensitivity to protection of confidential information. In today’s environment, companies are well aware of the need to shred confidential documents.
Mobile shredding reduces the risk of the disclosure of confidential information. With any risk management issue, there is no room for a reactive approach when the opportunity to proactively reduce risk is readily available.
Growing awareness to the dangers of unsecured shredding and heightened regulations has driven the growth of the mobile shredding industry. Secured mobile shredding is practiced all over the world, from the United States to Europe, and Singapore to Australia, and it has proven to be extremely beneficial from client’s perspective.
MyShred Mobile is aiming to become an environmental-friendly company, while maintaining the strictest security in document handling. In Malaysia, we are amongst the very few private companies who can boast that recycling is amongst our main priority.
Paper is both biodegradable and recyclable. Millions of tonnes of paper are produced each year and is used for a wide variety of products and applications such as office paper, newspapers, envelopes and the packaging of all types of consumer, commercial and industrial goods.
MyShred Mobile aims to encourage individuals and businesses to protect their information and recycle more. MyShred Mobile shredded papers are 100% recycled. We are happy to know that each tonne of paper that we recycle saves approximately 14 trees, 7,000 gallons of water, 4,000 kilowatts of electricity and 3 cubic yards of landfill space.
Below are some of the benefits of recycling paper :
- Recycling paper saves trees, energy, water, and landfill space compared to virgin paper.
- Recycling paper protects forests, watersheds, ecosystems.
- Recycled paper produces less pollution than virgin paper production.
- Recycled paper needs less bleaching than virgin papers; reduces use of toxic chemicals.
- Recycling paper reduces the emission of greenhouse gases such as methane, which is created when paper decomposes in the landfill.
- Logging, air & water pollution caused by manufacturing virgin paper results in unnecessary environmental remediation costs which are borne by taxpayers.
Fraud and white collar crime have increased considerably over the recent years, and professionals believe this trend is likely to continue. The cost of fraud to businesses is difficult to estimate because not all fraud and abuse is discovered, not all uncovered fraud is reported, and civil or criminal action is not always pursued. However, the statistics we currently have show the astronomical values associated with fraud. The cost of fraud does not stop at a monetary figure with lots of naughts behind it. Its insidious nature seeps into and erodes the core elements that all business is built upon: confidence and trust.
When fraud is detected within a business, there is usually shock and disbelief that a trusted employee who resembles the “person next door” could have done what they are accused of. The initial response is “How could that have happened?” In light of the cost and characteristics of offenders, it is important to develop strategies to prevent or detect business fraud. In order to combat fraud and white collar crime in business, a concerted effort must be exerted by the management of the business, the external auditors, and by all employees of the business.
Everyone must realise that fraud is not a victimless crime. The cost of fraud and theft are shared by all through higher costs and lower corporate profits. A comprehensive strategy for fraud governance is essential if an organisation is to reduce the likelihood and impact of major fraud.
Is fraud a major problem?
52% of respondents felt that fraud is a major problem for Malaysian business generally.
48% of respondents acknowledged experiencing fraud in their organisation.
What is the estimated loss due to fraud?
42% of companies suffered total losses of RM 10,001 to RM 100,000 to fraudulent conduct in the survey period while 17% suffered losses in excess of RM 1 million (the “survey period” is from January 2010 to December 2012).
Sources for fraud
68% of the frauds were perpetrated internally (non-management employees – 50% and management employees – 18%).
Why does fraud happen?
Inadequate internal controls and collusion between employees and third party were cited as the most common reason giving rise to fraud.
What steps can reduce the possibility of fraud?
68% respondents believed that the most significant initiative to reduce the risk of fraud is through the review of internal controls and 69 % stated by improving security measures.