December 04, 2018
Co-working spaces have become increasingly popular over the recent years. Co-working spaces comprise of different organisations sharing the same place, which also encourages people to bond with one another and it increases the opportunity to forge networks. As much as setting up an office in a co-working space is cost-effective, it is important to remember that the risk of data breaches occurring is high.
What Kind of Threats Do Co-Working Spaces Pose?
With an 'open-concept' layout, it is easy for opportunists to access company information if employees carelessly leave data lying around. This can include sensitive proprietary documents, mailing lists, billing information or even personal information such as NRICs from staff or clients.
Documents that are disposed of unsecurely can also be easily retrieved and used for various illegal activities. Working in a co-working space also means that a potential competitor could gain an unfair advantage by accessing confidential data if that information is not securely destroyed. All employees must ensure that physical or digital data is stored securely, especially when they are not around in the office.
It is better to practice preventive measures against data breaches than to scramble for damage control measures after a breach has occurred. Organisations that have become victims of data breaches pay a hefty price – both literally and figuratively. Victims of such attacks may be imposed with a fine by the Personal Data Protection Commission (PDPC). Once confidential information has been compromised, it inevitably leads to a loss of trust from customers, shareholders and results in reputational damage of the organisation.
Everyone has a part to play when it comes to data security
Establishing effective guidelines
Providing shredding services to tenants
Safeguarding work environments
Start Protecting Your Business
An organisation that integrates personal data protection into its business processes can help reduce the risk of a data breach. Learn more about how Shred-it can protect your documents and hard-drives by contacting us for a free quote and a security risk assessment.
 PERSONAL DATA PROTECTION COMMISSION. (2018). Legislation and Guidelines. [online]. Personal Data Protection Commission. Available at https://www.pdpc.gov.sg/Legislation-and-Guidelines/Personal-Data-Protection-Act-Overview