Morgan Stanley’s recent slipup with ITAD cost them $60 million in fines and another $60 million to settle a class-action lawsuit. What are the two key lessons we can draw from the Morgan Stanley breach?
Zero-Trust is a must for network access and it should extend to your decommissioned IT assets. After all, if you can’t trust devices while they’re on your network, why would you trust them after they’ve been disposed of?
The Zero-Trust security model has gained acceptance as the go-to framework for network security. But Zero-Trust isn’t just effective in combating modern cyber threats; it’s also the cornerstone of an effective IT asset disposition strategy.
Learn about the five most common ITAD mistakes and how to avoid them. When an organization fails to manage ITAD effectively, it becomes exposed to legal risks, environmental concerns, and unnecessary costs.
Disposal tags don’t save lives, but they are a critical tool for making IT asset disposition (ITAD) safe and effective. However, there are still naysayers out there who claim the costs aren’t worth the benefits.
Executives must make tough decisions. Disposal Tags are the easiest decision you will ever have to make because they maintain accountability and offer multiple solutions in one simple package.
ITAD can be intimidating, just like CPR. And while disposal tags don’t save lives, they can save your company from catastrophic data breaches.
Level the playing field and optimize ITAD results with a new multi-vendor approach. Achieve ITAD by making money from equipment while minimizing freight, fees, and environmental impact.
When a Federal Judge wants ‘bone-crushing’ discovery into data breach, we are entering a new era of increased accountability which will impact IT Asset Management (ITAM) and IT Asset Disposition. Learn how to close the ITAD gap and be prepared.
An ITAD Black Swan is looming. We can ruin this prediction by raising awareness of the ITAD Reporting Gap vulnerability. While a Black Swan is a surprise when it occurs, experts will later conclude the event was likely. Learn how to keep your company from being one of the turkeys.
ServiceNow is a fantastic tool for IT asset management. Inventory discrepancies that happen during disposal phase of the IT lifecycle represent the ITAD Reporting Gap. Here is how to use ServiceNow to measure the gap so ITAM can effectively manage and ultimately close the gap.
There comes a time in the lifecycle of every IT asset when it must retire from service. In a perfect work, ITAM should be able track 100% of assets from acquisition to disposition. We don’t live in a perfect work. The inventory discrepancies discovered during disposal phase represent the ITAD Reporting Gap.
What has more value, an armored bank truck, or a van delivering old computers to a disposal vendor? Chain-of-custody, by itself, is about as helpful as a helmet in a motorcycle crash. An effective process that prevents a disaster from happening in the first place is far more effective. Until you prove a disposal vendor has your equipment, you are responsible for it. Unless you prove it, your organization is legally exposed.
There is a “golden hour” at the onset of an incident when well thought out planning and effective response can make or break the situation. Very much like in medical trauma care or criminal investigations, there is a “golden hour” of IT asset disposition (ITAD) when well thought out planning and effective response can keep an incident from becoming a costly disaster.
Not too long ago, everyone rode bikes without helmets, no one wore seat belts, and smoking was touted as ‘good for you.’ Over time, safety data helped change public sentiment and seat belts became a standard feature in modern vehicles. Disposal tags do not save lives, but they are the most effective way for a company to safeguard itself against costly mistakes of ITAD.
Today, IT asset disposition is considered low risk. Understandably, most view the chance of a retired computer causing an expensive breach as a remote possibility. ITAD is becoming a plaintiff lawyer’s dream come true, but not for obvious reasons. The biggest risk of ITAD is not data security per se. It is the governance of ITAD. Companies are unprepared to defend their ITAD programs and demonstrate their compliance with regulatory obligations.
Love it or hate it, Sarbanes-Oxley (SOX) was enacted as a reaction to major financial scandals which shook public confidence and cost investors billions of dollars. The high-profile data security breach of Equifax has certainly shaken public confidence. The announced 143 million records compromised has prompted some to call for a “cyber Sarbanes-Oxley.” A Cyber-SOX could have similar benefits for data security that SOX had for financial security.
As businesses struggle with strained budgets, information technology departments are becoming overworked and understaffed. This combination of factors has led to an alarming vulnerability in the security of company data resident on equipment destined for retirement. Before you dispose of IT equipment, consider these possible revisions in policy and procedures that could protect your company against data leakage.
Google, “hacks to improve” and you will find a million shortcuts to improve almost any aspect of your life – your credit score, public speaking, or memory to name just a few. Finding ways to make your organization’s IT Asset Disposition (ITAD) program effective is not as easy, so we created them for you. We learned these “hacks” by studying our last 8,000 projects and observing how the most effective clients approach the management of ITAD.
In 1900, had Ford asked someone how to improve personal transportation, I’m sure they would have appreciated a better and faster horse. Most people could not have imagined the transportation transformation brought on by the car or airplane. Much like the cars and airplanes then, most people have not yet imagined how a multi-vendor approach can transform ITAD.
I’m a fan of Michael Lewis. If you don’t know him, he’s a very talented author who is best known for The Big Short and Moneyball. His latest book, The Undoing Project, explores the extraordinary work of Daniel Kahneman and Amos Tversky. How does The Undoing Project relate to ITAD? First…
ITAM benefits by treating ITAD as a data security threat. Educating senior management about the risks will secure IT asset managers the resources needed to prevent an ITAD-related breach. To ensure adequate safeguards are in place, IT asset managers should consider treating ITAD as if it were an inevitable security incident.
Organizations constantly replace outdated computers and countless types of electronic devices to keep up with technology and enhance worker productivity. This rush to upgrade, however, creates a challenge: large numbers of excess electronics must be managed and disposed of properly.
We always hope relationships will last forever in business, but that is not always the case. Anyone involved with IT asset disposition (ITAD) knows how once-trusted vendors can become unresponsive, get acquired, get into trouble, or simply go out-of-business.
The reality is, you need to be prepared at any time to switch ITAD vendors. Even if you are not forced to switch, there comes a time when change might be necessary.
My daughter Olivia is like most first graders. She is confident and adventurous and, at times, defiant.
When risks are low, I prefer she learn from experience. The school of hard knocks can teach valuable lessons.
When it comes to security and safety, however, the cost is too high to let her learn the hard way. As parents, we instruct but lay down the law.
How do you sum up what Retire-IT does in two words?
When I was working on this summary, I called it the “Final Check-Out.” My nine-year-old son Ryan sings it better than I can write it.
Ryan saw it and immediately asked me if it had to do with the “Final Countdown!” Remember that Swedish rock band Europe and their one-hit wonder?
What does ITAD have in common with college football? Both have a problem with players celebrating too early.
For some unexplained reason, college football players continue to drop footballs before crossing the goal line. Players from Clemson, California, Utah, and Oklahoma recently dropped the ball voluntarily before they got into the end-zone.