HTG is the preferred ITAD Solution. Here’s Why
In 2019, Arrow Electronics announced plans to end IT Asset Disposition (ITAD) services. Arrow successfully operated for the past decade and rapidly expanded to garner a 23% market penetration. The fall of such a significant player is sending shockwaves throughout the industry.
With the new year and in the wake of Arrow’s departure, many Pacific Northwest companies are searching for a new ITAD vendor. Located in Vancouver, Washington, HTG delivers customized ITAD services and required compliance certification desired by leading companies. HTG’s approach begins with the understanding that every business has different needs. With that in mind, HTG delivers fully customized ITAD services.
One example of HTG’s customized services is a project for a major aerospace vendor. The client required HTG to first conduct an on-site 7-pass NSA wipe of all fixed-disc media. HTG then provided security cage transportation in GPS tracked, HTG branded trucks directly to its facility. Each disk was securely shredded to the client’s exact specification following FIPS 199/200 High standards. As a FIPS-compliant vendor, HTG follows detailed specifications to provide the highest level of verification needed to protect valuable client data. HTG offers FIPS compliant secure data transportation, storage, remediation and destruction for all data bearing devices. For customers that need a secure end-to-end ITAD solution, HTG has the solid experience to deliver.
Companies Left Scrambling for a New ITAD Vendor
Of course, not every company needs NSA-level security. Some only need a partner who will responsibly handle e-waste. There have been plenty of bad actors within the industry who promise one thing but deliver something entirely different – but that is not HTG. Following R2 compliant practices, handling e-waste following the highest standards of certification.
Arrow Electronic’s departure leaves a sizable hole in the industry. The supply of end-cycle computers and electronic equipment is not coming to an end anytime soon, and many companies are now left scrambling for a new vendor to meet ITAD needs. The beginning of a new year is the perfect time to evaluate a new ITAD vendor.
ITAD is a very serious business. Laws like HIPAA, GDPR, NERC and FERC all place strict regulations on certain electronic equipment, requiring companies to document a clear chain of custody from purchase through destruction. With so much on the line, companies need a reliable partner that understands what it takes to be successful in the industry and will step in and take over for Arrow. The stakes are just too high to randomly select a new vendor.
Businesses Cannot Afford to Neglect their ITAD Needs
Data breaches can cause devasting financial losses and affect an organization’s reputation for years. The annual Cost of a Data Breach Report, conducted by the Ponemon Institute and sponsored by IBM Security, analyzed data breaches reported by 507 organizations. The average cost of a data breach is $3.92 million with the largest in the U.S. totaling $8.19 Million.
While security breaches initiated by hackers is a constant threat, many companies are at-risk by simply mishandling end-of-life IT assets. In a recent study, A False Sense of Security, by Blancco Technology Group, 1,850 senior leaders were interviewed. 73% of the participants agreed that the large volume of different devices at end-of-life leaves their company vulnerable to a data security breach, while 68 percent said they were very concerned about the risk of data breach related to end-of-life equipment.
80 percent of enterprises admitted having a stockpile of out-of-use equipment sitting in storage while the enterprises surveyed also reported that 18 percent of their devices are left somewhere within the company with no action. This highlights a huge security issue and one that should be dealt with immediately.
Some organizations are fortunate enough to survive a major data breach. According to the National Cybersecurity Alliance, 60% of small businesses fold within six months of a data loss due to a loss of reputation and the onerous financial penalties imposed by the government.
With those statistics in mind, it is surprising that some firms still neglect their ITAD responsibilities. Partnering with the right ITAD vendor is protection against the high costs associated with data theft.
Learn More About ITAD with HTG
As 2020 begins, HTG would love to have a conversation about forming a new long-term ITAD partnership with discerning clients. The HTG team has the experience, agility, certifications, and know-how to securely and responsibly handle end-cycle electronics. As a part of the service, HTG provides complete documentation to protect the data for years to come. To learn more, call 877.484.1484 or, complete the contact page on the https://www.htginc.com website.