HOBI Weekly Blog Recap (5/22-26/23)
Below is a recap of this week’s blog posts including how to avoid ITAD mishaps, why consumers may be keeping their smartphones longer, some new privacy concerns surrounding Meta’s new VR headset and some basic ITAD services to keep in mind when searching for a provider.
Morgan Stanley ITAD Mishaps Become Costly – Avoid These Mistakes with Proper IT Asset Disposition
In 2016, banking giant Morgan Stanley Smith Barney undertook IT asset decommissioning and refresh projects and hired a moving company with no data destruction experience to decommission several U.S. data centers. As a result, devices containing unencrypted customer data were sold online. A few years later, during an IT refresh project, the company lost track of dozens of devices containing customer data due to inadequate IT asset management in 2019. MSSB has found itself with over $163 million worth of fines, legal fees, and other costs, all due to continuous ITAD errors.
Are More People Keeping Their Smartphones Longer?
Smartphones are the highest selling piece of technology, with recent data showing that 96 percent of global consumers own a smartphone. In previous years, many users often upgraded or traded in their phones for newer models. However, a recent report shows that consumers are keeping their smartphones for longer than usual, with users keeping smartphones up to 3.5 years before turn-in. According to an Assurant report, this is the first time the average has risen above the 3.5 year mark.
Meta’s New VR Updates Raise Privacy Concerns
Tech companies all over the world have done time under the scrutiny of society for multiple reasons, and Facebook parent company Meta is one among the many. From Facebook issues to Metaverse troubles, Meta has found itself in hot water more than once during the last few years and may be heading that way one more due to recent privacy concerns surrounding the new VR headset, the Meta Quest Pro.
IT Asset Disposition Basics to Keep in Mind When Searching for an ITAD Provider
IT assets are a large part of any enterprise but can become a headache when it comes time to dispose of them. Phones, computers, printers, fax machines, tablets and laptops all contribute to the way a company performs. They can start to pile up over time once equipment is upgraded. Many believe hauling them to the dumpster along with municipal waste is the easiest solution. Out of sight, out of mind. However, when this occurs many IT assets end up in landfills and become toxic to the environment and to those living in surrounding areas. For this reason it is smart to have a disposition plan in place to prevent your IT assets from contributing to the e-waste crisis.
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