Advantages

1. If you took out all of your paper files and burned them, you'd be amazed to see how much more free space there is in your office.

2.Going paperless means less bulky filing cabinets and less cost in paper and printing.

3.Not only will it be easier to search, but doing data entry work in the future is far more efficient and faster.

4.It takes a day to cut down a single tree, but years to grow it. By saying no to paper, you are saying no to the violent tree cutting system.

5.It makes everything much neater and it contributes to the environmental friendly system because you aren't wasting nature.

Disadvantages

1.Not everyone knows how to work a computer so it’s easy for them to do it on paper.

2.To achieve a 100% paperless office, one must have all systems automated flawlessly and this can cost time and money.

3.To go paperless means keeping all records electronically, which comes with an IT departments biggest nightmare concerning software and hardware issues that can disrupt work.

4.With the dawn of digital technology becomes the golden age of hackers. Going paperless means vulnerability to unauthorized third party access or even worse, data loss.

5.People might not be getting a good wage, and may not even afford their own computer at home to catch up on work and stuff.

6.It can take a very long time to get rid of paper files, and set up all of them on the computers, but its not the worst problem.

M2 

The threats and risks are things like hackers, losing files over a bad internet connection, a beginner on computers who is a good employee accidentally deletes all the files and its not her fault. Also, if you want to get rid of paper, you may get rid of a file and forget what it said, so then you are left with a massive dilemma.