It’s essential that all companies remember that their approach to risk management should not stop when it comes to matters of IT asset disposal. Companies failing to take proper care to dispose of their IT assets properly risk running into multiple repercussions, some of which can cause lasting damage to the business.
Here are the three risks you should be most clear of.
1. Data breaches
Improperly disposing of IT assets can leave them vulnerable to recovery by data thieves, who will then be free to access the information stored on them. That information can range from vital business information and customer data, even to employee bank account details. Data breaches can be seriously costly for businesses – there is the risk of compensation, fines and legal costs, as well as the very real damage to your business’ reputation.
2. Environmental issues
IT equipment is often built from materials that can be toxic to the environment if they’re not handled properly during disposal. It’s not a case of simply throwing your old hard drives into the bin to go to landfill. Not only is this a negligent thing to do, if your business is caught doing it there could be a risk of you falling foul of pollution penalties. These could be costly, and again cause considerable negative publicity for your business.
There are now many regulations that cover the way businesses are allowed to handle customer and employee data. This applies to how you deal with devices storing that data, as well as the destruction of said devices. Businesses have a legal obligation to ensure any devices that have been used to store sensitive data are disposed of in as responsible way as possible. The punishment varies depending on the extent of the violation but can be severe.
The importance of specialist assistance
These are just three of the many risks that companies face by not properly disposing of their IT assets. The risks often carry potentially severe repercussions, yet they are so easily avoided. All you need to do is ensure that when it comes time to dispose of your IT assets, that you use a professional and reliable asset disposal specialist.
At Tier 1, we can offer a range of data disposal methods to fit your circumstances and your budget. All of which provide you with the peace of mind that comes from knowing your IT assets have been disposed of both thoroughly and responsibly.