ITAD for Financial Institutions

How an IT Asset Disposition program can help financial institutions comply with data security and environmental regulations.

Data Security and Environmental Responsibility

From financial records and credit scores to social security numbers and contract information, financial institutions handle a significant amount of highly sensitive personal information. Organizations in the financial services industry are greatly burdened with numerous laws concerning data privacy and accountability and the liabilities for non-compliance include financial penalties, brand repair and loss of customers. Taking all of the necessary precautions to mitigate these risks must include the retirement of IT assets. Data eradication and physical drive destruction measures should be accompanied with a strict chain-of-custody process to ensure full accountability for each asset decommissioned from the organization.

The proper management of IT assets throughout the decommission process is critical to maintaining compliance with data privacy laws. With over two decades of experience providing ITAD services to financial services, investment and accounting firms, insurance and banking institutions, Ingram Micro understands the sensitivity of protecting records. Our ITAD services help organizations face the challenges of complying with privacy laws, including FACTA, GLBA,SOX, PCI DSS, GDPR, CCPA and LGPD through secure data destruction and IT lifecycle management. We maintain a strict chain-of-custody and offer a series of onsite and offsite services to afford organizations the most secure options for handling IT assets and their resident data for redeployment or retirement.

In addition, Ingram Microโ€™s ITAD services is e-Stewards certified and therefore adheres to the most stringent downstream processes for the responsible recycling of electronic waste, further promoting sustainability programs and reducing the negative impact e-waste has on the environment.

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