ITAD Risk Assessment

What is your company’s tolerance for risk?

Each passing week, the newspaper headlines publicize the names of the latest companies that have experienced a data security breach. One by one, businesses of all industries and sizes are falling victim to lost or stolen data, placing their organizations at risk while creating a public relations nightmare. With problems ranging from stolen laptops to missing backup tapes, organizations are feverishly working to prevent security breaches from negatively affecting their organizations and, most important, their bottom lines.

As companies spend billions each year on network security protocols and secure processes, minimal attention has been given to protecting the data contained on IT assets identified for “retirement.” As organizations wrestle with disposal options, it is important to note the following:

70% of all organizations do not have proper IT disposal policies in place.
A recent study uncovered that, of 133 hard drives purchased on eBay, half contained sensitive corporate and personal data.
Forrester Research found the cost per person per incident of lost personal data is between $90 and $305. That means a single lost disk drive with 100,000 client records could cost an organization more than $30 million!

So, what truly is your company’s tolerance for risk?

Using our multi-point risk assessment checklist, Converge ITAD experts will provide a free evaluation of your current IT disposal practices. Our team will review and evaluate your organization’s current data security and environmental compliance practices, as well as present key findings to your compliance team. This data will then be compared to your organization’s risk tolerance and will validate your current process, or identify areas of possible concern.

Additionally, our experts will evaluate your equipment ready for “retirement” to determine possible remarketing opportunities and highlight possible residual value that may be reclaimed from your assets.