Why It’s Important to Track Your IT Assets Through the Disposition Process
If your business works with sensitive data, you know how important it is to protect both the information itself and the digital assets that contain it. It’s why your business invests in professional IT asset disposition services.
But did you know that simply paying for responsible destruction or recycling services isn’t enough? You also need proof that your data and assets have been handled appropriately throughout the entire process.
Here’s why every business owner should consider it non-negotiable to find an ITAD expert that provides reliable tracking and reporting.
According to tech giant IBM, the average cost of a data breach in the U.S. is $9.44 million.
Nearly 10% of the data breaches in the U.S. are caused by compromised physical security, while 5% are due to lost devices. It’s important that South Dakota business owners don’t fall victim to the severe issues that can arise when they lose track of their data-containing assets.
Tracking your assets through the entire disposition process gives you the confidence that your data is truly secure. You can then pass this promise on to your customers to further increase their trust in your business.
Data security compliance laws exist for virtually every business and government sector, including healthcare, education, financial services, and retail.
Laws like the Health Insurance Portability and Accountability Act (HIPAA), the Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the Payment Card Industry Data Security Standard (PCI DSS) require extensive measures to keep data safe.
Businesses that don’t follow these rules can incur serious fines and penalties. Having readily available tracking data keeps your business in line with the law and allows you to avoid the expense of non-compliance.
Sustainability is so much more than a modern corporate buzzword. It represents a commitment to keeping the environment and the people who depend on it safe from harm.
When you partner with an IT asset disposition provider that maintains Responsible Recycling (R2) and e-Stewards Certifications, you can assure your stakeholders that your assets are always handled in a manner consistent with stringent environmental protection and worker health and safety protocols.
Your asset-tracking reports become proof of your dedication to corporate social responsibility, making your business even more attractive to customers, investors, and the community at large.
Robust Asset Tracking Brings Peace of Mind
Perhaps the most significant benefit of tracking your IT assets through the disposition process is that you’ll have peace of mind about your business.
When you know you’ve done the right thing for your customers (and compliance watchdogs), you can worry less about breaches and penalties and shift your focus to providing the excellent products and services your business is known for.
Secure Asset Enterprise Management provides business owners with detailed, serial number-based chain-of-custody reports and certificates of destruction for all assets.
Contact SEAM today to learn more about our comprehensive asset-tracking solutions and how we give North Dakota business owners the confidence they need to trust that their data is safe every step of the way.