Regardless of your company’s size or industry, a defined process and secure procedures for disposing retired and non-working assets is necessary to prevent potential lawsuits, regulatory penalties, a damaged brand reputation due to data breaches that could result from improper IT asset disposal methods.
In a recent physical security data breach $60 Million lawsuit, affecting 15 Million of Morgan Stanley’s current and former clients, the Plaintiffs allege that in 2016 and 2019, Morgan Stanley failed to properly dispose of certain IT assets and that, as a result, IT equipment potentially containing client data when it was sold, unauthorized third parties may have gained access to Morgan Stanley’s clients’ private information, including, but not limited to, names, work and home addresses, Social Security numbers, driver’s license numbers, income, asset value, asset holding information, passport information, telephone numbers, dates of birth and other personal information (collectively, “PII”).
Some of these devices that may contain customer PII were sold on the internet and/or remain unaccounted for.
Learn more at: https://www.morganstanleydatasecuritysettlement.com/
We are a WBE owned - IT Asset Disposition and Document Destruction Service Provider: We use destruction equipment and processes designed to meet government NSA and NIST800-88 industry standards to securely shred records, retire and decommission IT assets, and data bearing devices.
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IT DISPOSAL USA is proud to be a certified Women’s Business Enterprise. WBENC is the largest certifier of women-owned businesses in the U.S. and a leading advocate for women business owners and entrepreneurs. This world-class certification standard is accepted by more than 1,000 corporations representing America’s most prestigious brands, in addition to many states, cities and government entities.