3 Reasons why ITAD is Important:

(1) Regulation

(2) Avoid damaging headlines

(3) Protect Intellectual Property

As CEO of i-SIGMA, the non-profit trade association representing more than 1,700 data security and information management member locations around the world, Johnson has over 40 years of experience in data protection and regulatory compliance—and has seen many scenarios firsthand. First and foremost, organisations across the globe must prioritise IT asset disposition to ensure compliance with a variety of data protection regulation requirements. “Legally, you have to protect the personal information of your employees and the clients that you work with,” Johnson said.

In the US, companies are subject to both state and federal laws to protect residents’ personal data. Experts also believe that federal data privacy legislation in the US isn’t far off, while in the European Union, the General Data Protection Regulation of 2016 allows people to obtain data that companies have collected on them and have their records deleted. Regulations are and will always be changing, making it critical for organisations to have a sound plan in place. Another reason to prioritise IT asset disposition: failing to protect employee and client data can result in expensive and brand-damaging headlines.

For example, in the last year, a large international investment bank, unaware of how they had disposed of their IT assets four years prior, had to notify hundreds of thousands of clients that their information had been put at risk.

“They had to do the breach notification simply because there was the potential that [assets] had been put at risk,” Johnson said—and they were fined $60 million. “Breach notifications are very expensive.”

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