Governance in ESG Criteria
How can a company misplace a corporate device containing massive amounts of private data?
Unfortunately for your company, many of today’s most damaging security breaches occur, not externally, but from within.
They come from internal mistakes and negligence, like losing the devices that harbor copious amounts of sensitive corporate data. Every year there are hundreds of cases of missing data, due to misplaced, lost, and stolen devices.
Big Data
In a technological world, companies have nearly unlimited access to data. However, what has been deemed as ‘big data’ comes with even bigger data security risks. Companies have been scrambling to implement systems that centrally track every device in their data centers for the massive amounts of data acquired from beginning to end-of-life disposal.
To shed light on just how much data companies have access to, according to a recent white paper, “in 2011, IDC estimated that 1.8 billion terabytes of data were created, 90 percent of which was created in a non-structured fashion. IDC further projects that unstructured data will grow at more than 60 percent compounded annually.”
IDC also revealed that in 2012, in the U.S. there were nearly three million data centers, server rooms, and data closets.
Big data is definitely not a bad thing. Research conducted by the McKinsey Global Institute revealed that big data has the ability to generate significant value and commercial impact, such as a 60 percent potential increase in retailers’ operating margins, and increases productivity in U.S. healthcare by an estimated $300 billion per year.
In fact, Gartner’s a worldwide survey of IT leaders conducted in 2012 found that 42 percent of respondents said they had invested in big data or were planning to within a year, making data security, management and erasure absolutely essential.
Internal Security Breach
Storing and analyzing big data goes hand-in-hand with security risks, overwhelming for CIOs and CFOs who typically take the hit for mistakes whether they were directly responsible or not. For this reason, companies have been looking more into outsourcing for the purposes of data storage and security.
According to CFO magazine, many CFOs are facing a “rude awakening” if they cannot grasp a way to manage their company’s big data.
Enterprise Asset Services
93% of financial services organizations experienced cyberthreats in the past year alone. HOBI’s certified data erasure and destruction process mitigates the risk of a data breach, while staying compliant with environmental and government regulations. In fact, HOBI has had zero data leaks in our company’s 22-year history.
Our enterprise asset service or EASE provides enterprises with a complete spectrum of services from asset management and repair to data erasure and recycling.
• Data Security & Erasure
• Data Center Relocations
• Data Management
• Environmental
• Forward Deployment
• Recycling
• Remarketing and Resale
• Reporting & Compliance
• Risk Mitigation
• Technical Services
HOBI is an R2/RIOS and ISO 14001 certified firm, has more than 20 years experience in enterprise asset management and disposition. The company’s pioneering enterprise asset process makes HOBI the leader in its industry. HOBI’s professionals are trained in value maximization and will set up customized enterprise asset service programs based on client needs.
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