The Top 4 Reasons to Secure Business Process Printing

According to Forrester Research, in 2007, most firms plan to spend between 7.5% and 9% of their IT budgets on security, regardless of their size, geography, and industry. It's a sizable investment, especially when you consider that analysts expect IT spending on the whole to rise no more than 6%. Clearly, organizations are willing to go to great lengths to protect valuable business information. Yet the sad fact is that these efforts can be easily nullified during the simple act of printing over a network. Here is a quick look at just three of the many reasons it's time to put an end to this frequently overlooked vulnerability.

1. Security breaches exact a steep toll.
There is little consensus when it comes to putting a price tag on security breaches. Depending on who is doing the math and when, the per-incident cost can be as high as:
» $4.8 million – Ponemon Institute
» $1.5 million – U.S. Department of Justice
» $167,000 – CSI/FBI
As staggering as these costs are, they may be insignificant compared to the price organizations pay in terms of lost consumer confidence. Forrester Research estimates that 10 – 20% of potential customers will be scared away by a security breach in a given year. The chart below illustrates the various cost categories that typically come into play as a result of a security breach.

2. Secure printing is efficient printing.
HP and its partners provide a wide array of security solutions for printing and imaging. But the business benefit derived from their implementation is not limited to simply protecting the devices and information on your network. Here are just some of the many additional cost and productivity advantages that can also be realized.

3. Printing security reduces compliance risks.
In light of the volume of sensitive information that typically flows through the printing and imaging environment, it pays to identify potential risks as well as measures you can take to prevent them. Here are some you may want to be on the lookout for

Why HP for printing and imaging security?
HP has been an industry leader in printing and imaging innovation and reliability for more than 20 years. Whether you need to buy one printer, enhance the security of your entire fleet, or you want to improve and transform the way you manage your printing environment, HP has the expertise, experience and technology to deliver the right solution, right now.
Looking for more accountability, security and a better return on your printing and imaging investments? HP Managed Print Services can:

» Quantify the total costs of your existing printing and imaging infrastructure
» Help you identify savings opportunities and reconfigure your environment to take advantage of them
» Provide ongoing supplies, service and support designed to meet your company's unique business needs
» Monitor performance to maintain cost-effective and secure operation over time
» Manage your printing and imaging environment for improved business results

Your local HP representative can help you explore a variety of cost-effective strategies for securing and enhancing your printing and imaging environment today and into the future. They can even help you create a comprehensive security strategy that addresses your organization's specific printing and imaging security concerns.

Want to know more?
» HP provides a wide array of secure printing and imaging solutions for HP LaserJet printers and HP MFPs to help you simply and easily elevate the status of these devices to of your overall security plan. Visit www.hp.com/go/secureprinting for details.
» To learn more about HP Managed Print Services visit us online at www.hp.com/go/mps and www.hp.com/go/printservices.
» For the remaining white papers in this series plus the latest research, tips and tools for lowering costs and improving IT, visit the HP Printing and Imaging Resource Center at www.hp.com/large/ipg.
» See what other people in your industry are doing to manage their environments and keep their data safe. Visit www.hp.com/blogs/enterpriseprinting to see what is going on.