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The Real Cost of Privacy

By Judith Sjo-Gaber - 2011-11-29T23:58:17Z

Photograph by iStockphoto/Getty Images

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Private Papers

With horror stories about identity theft popping up all the time, shredders are becoming a household appliance. "While we don't have exact numbers, more people than ever are buying personal shredders," says Ponemon.

$90: Staples Mailmate M7 12-Sheet Cross-Cut Shredder. Don't just shred paper -- turn it into confetti.

$479: SentrySafe Fire Safe with bolt-down hardware included, 1.2 cubic feet, includes LCD electronic lock system with backlit keypad.

$200: Hon 510 Series two-drawer locking file cabinet. Personal records such as taxes, medical papers, mortgage information, savings and investing information should all be locked up.

Running Tally: $22,948