Organizations rely on their information security departments or engage outside consultancies to try to protect against attacks, but preventative efforts fail with alarming frequency, even for the largest companies with the most well-funded cybersecurity efforts.
We’re all familiar with unintentional hoarding of things that may have been useful at one point but end up collecting dust and taking up unnecessary space. The same is true of data, but holding on to it for too long can have serious consequences.
More than ever, organizations of all sizes in the public and private sectors are rethinking their IT asset disposition (ITAD) strategy, putting equipment reuse first whenever possible over asset destruction and recycling.
In one of the most advanced financial services privacy breaches ever to occur in Australia, its largest bank lost control of 10 years’ worth of customers’ financial information when a subcontractor lost several tape drives containing banking statements from 2004 through 2014.