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It is not recommended to drill into asbestos siding because doing so can release hazardous asbestos fibers into the air. The safest way to handle asbestos-containing materials is to have a professional remove or encapsulate them.

If you own a stereo microscope, you should be able to see the fibers. The stereo microscope often can perform magnification up to 50x. But unless you have experience viewing asbestos fibers, you may not know exactly what you are seeing. Some fibers are curly, while others are long and straight. Blue, brown, white, and gray colored fibers are all possible.

Some pros may recommend covering a popcorn ceiling that tests positive for asbestos with beadboard ceiling planks or drywall. The cost to install a beadboard ceiling averages more than $5,000, but you likely will pay more than the average for the installer to deal with the asbestos safely. Installing a beadboard ceiling or new drywall will disturb the asbestos and release some microscopic fibers, so the installer will need to take precautions. 

Asbestos is a carcinogen, meaning it increases the risk of cancer. Inhaling asbestos fibers is linked to several respiratory issues, including asbestosis, or scarring on the lungs, lung cancer, and mesothelioma, another type of cancer. There's also a link between asbestos exposure and an increased risk of colon cancer and other cancers of the digestive system.

Usually, the people most at risk for disease related to asbestos exposure are those who spend a lot of time working around the material without protection. Electricians who work with asbestos wire have a higher risk of developing mesothelioma or lung cancer due to their exposure.