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.
Proper IT asset disposition is becoming more critical every year. Millions of electronics are manufactured annually and store large amounts of personal and company data. Data breaches can severely diminish a company’s credibility and end up in mounds of legal costs.
For this reason, it is vital to find an all-inclusive ITAD provider like HOBI who offers services that prevent such dangers and data leaks. Services such as data erasure and destruction, mobility managed services with remarketing opportunities, and comprehensive reverse logistics solutions with remote options.
E-waste makes up 70 percent of the world’s toxic waste and poses a danger not only to the environment but to human health as well. E-waste is not like food or other waste and cannot be thrown out with municipal waste. When electronics end up in landfills they leak harmful chemicals that soak into the soil and contaminate the surrounding water supply. When incinerated, they leak chemicals into the atmosphere and pollute the air. In addition, most electronics are made with lithium-ion batteries that can start chemical fires when damaged. Chemical fires are more difficult to extinguish and can re-ignite hours or even days after they’ve been extinguished.
HOBI has three stages of data security including an internally-developed data erasure tool, the HOBI Shield® that completely erases data from a device. Any devices that cannot be wiped are destroyed via shredding technology to ensure no data leaks occur. With more than 30 years of experience in the industry, HOBI is committed to preventing any data leaks and implements extra security measures such as cameras and padlocked cages for storage to ensure clients’ information is safe at all times.
For more information about our data security or other ITAD services call 817-814-2620, or contact HOBI at firstname.lastname@example.org.