Financial
Security is Everything
Proper ITAD plays a crucial role in safeguarding confidential information, complying with relevant regulations, and managing operational and financial risks. We are not just a recycler; we are your partner in physical data security.
Financial institutions handle vast amounts of personally identifiable information (PII), financial records, transaction details, and other sensitive data. Electronic Asset Security will ensure that data-bearing devices are securely wiped or destroyed, minimizing the risk of data exposure and identity theft.
We offer in-house shredding for all electronic data storage media, including support for the largest SAS to the smallest NVMe drives with a 3/8” shred width to ensure sensitive information remains uncompromised during disposal.
Many regulations mandate data security and privacy in the financial industry. The Gramm-Leach-Bliley Act (GLBA), Sarbanes-Oxley (SOX), along with FINRA, FFIEC, & GDPR (for EU organizations), are just some of the many governing bodies that dictate what financial agencies must do to protect consumer PII
Failure to comply with these regulations can lead to severe penalties and legal consequences. Electronic Asset Security’s data handling policies comply with all such rules, ensuring healthcare organizations can adhere to the law.
Proper ITAD processes involve recycling, reusing, or disposing of e-waste following local, state, and federal environmental regulations. Like many industries, financial institutions are also under increasing pressure to adopt sustainable and environmentally responsible practices.
Instead of disposing of decommissioned equipment, Electronic Asset Security first separates what is repairable, refurbishable, or reusable. Whatever is left over is broken into its components to continue the recycling process through proper commodity extraction.
According to a 2012 Kckinsey Report, across the globe, the global banking industry spends between 4.7% to 9.4% of its operating income on information technology. Over ten years later, that number is almost certainly higher.
Electronic Asset Security can remarket your end-of-life devices for you, depending on the age and condition of your assets, allowing you to extract value from your equipment while still ensuring zero data exfiltration.
Failure to comply with data protection regulations will result in significant fines and penalties. Additionally, data breaches can lead to legal actions, customer trust erosion, and damage to your financial institution’s public reputation.
Electronic Asset Security takes your data security seriously; security is in our name. Don’t trust just a recycler to safeguard your institution’s financial and reputational well-being — partner with Electronic Asset Security for secure, convenient, and environmentally responsible Electronic Asset Management built for the financial industry.
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