Bluepoint Solutions Releases New Whitepaper “Are You Prepared for a Data Breach?”

Examines the risks to credit unions of paper-based data breaches–

Washington—Feb. 24, 2014—Bluepoint Solutions today announced, from the 2014 CUNA Governmental Affairs Conference, the availability of a new whitepaper, “Are You Prepared for a Data Breach?.” This report explores ways in which reliance on paper-based document storage and management systems exposes credit unions and their members to the risks of data breaches, identity theft, and fraud.

To download a free copy of Bluepoint’s white paper, click here.

The white paper examines the dangers to financial institutions of relying on paper documents in for day-to-day operations. It details the importance of the content contained on those documents and how paper is a risky storage medium to house such vital information. ECM is presented as a key technological tool for institutions looking to secure their member data and to remain relevant in the rapid evolution of content that will soon leave institutions still relying on paper in the dust.

Specific topics addressed in the white paper include:

  • Changing expectations of consumers who now rely on financial institutions to safeguard their sensitive financial and identity information
  • Recent examples of paper-based data breaches and their impact on financial institutions and members.
  • The impact of recent, well-publicized data breaches (eg: Target) and the ripple effect they can have across the financial system.
  • The value that a modern Enterprise Content Management (ECM) solution can deliver to financial institutions

“Almost all paperwork in a financial institution contains sensitive financial data or other private, identifiable information such as addresses and social security numbers.  Ignoring the risks of storing this critical data on paper puts financial institutions and their account holders at high risk of preventable data breaches and fraud,” said Andrew Tilbury, chief marketing officer for Bluepoint Solutions. “Recent incidents of data loss and theft have brought this issue to the forefront of consumers that rely on their financial institutions to safeguard their sensitive information.”