FordAV Strengthens Data Security & Compliance with Nationwide ITAD Solution

October 12, 2022

by

At AIT Enterprise Recycling, we understand that financial institutions and enterprises require absolute security, compliance, and efficiency when it comes to IT asset disposition. Our certified processes, secure logistics, and transparent reporting ensure that your retired IT assets are handled with the highest standards of data protection and environmental responsibility.


Nationwide Secure Pickup & Logistics

We offer scheduled pickups and rapid deployment logistics to accommodate the needs of enterprises with multiple locations. Our chain-of-custody tracking ensures that every asset is securely transported, documented, and accounted for.


Certified Data Destruction Guarantee

Our data destruction processes adhere to NIST 800-88, HIPAA, GDPR, and other compliance standards, ensuring that sensitive financial and corporate data is irreversibly erased or physically destroyed before disposal.


Rigorous Compliance & Reporting

We provide audit-ready documentation, including Certificates of Data Destruction (CoD), asset tracking reports, and environmental impact summaries, ensuring full regulatory compliance and complete transparency in every step of the IT asset disposition process.

Overview


Financial institutions handle vast amounts of sensitive data, making the secure disposal of electronic waste (e-waste) critical. Improper disposal can lead to data breaches, environmental harm, and significant financial losses. In 2019 alone, 53.6 million metric tons of e-waste were generated globally. Recognizing these challenges, FordAV, a leader in AV technology solutions for financial institutions, partnered with AIT Enterprise Recycling to implement a comprehensive, secure, and compliant e-waste recycling program.

Client: FordAV

Location: Nationwide

Services: IT Asset Disposition (ITAD), Certified Data Destruction, Nationwide Pickup & Logistics, E-Waste Recycling & Compliance Reporting

Challenge

Financial institutions are increasingly vulnerable to data breaches, especially when decommissioned electronic devices are not properly disposed of. According to the 2020 Cost of a Data Breach Report, 10% of malicious breaches were caused by physical security compromises, with an average cost of $4.36 million per incident. FordAV faced the challenge of ensuring that their clients’ end-of-life electronics were disposed of securely and in compliance with stringent industry regulations, all while managing logistics across multiple locations nationwide.

Data Security: Preventing unauthorized access to sensitive financial data stored on decommissioned devices.

Regulatory Compliance: Adhering to standards such as NIST 800-88, HIPAA, and GDPR during the disposal process.

Environmental Responsibility: Ensuring e-waste is recycled properly to prevent environmental contamination.

Logistical Coordination: Managing the secure collection and transportation of e-waste from multiple locations nationwide.

Solution

AIT Enterprise Recycling collaborated with FordAV to develop a tailored e-waste recycling program addressing these challenges:

Certified Data Destruction: Implemented data destruction methods compliant with NIST 800-88 standards, including data wiping and degaussing, ensuring complete data eradication before disposal.

Comprehensive Logistics: Established a nationwide pickup and logistics system, ensuring secure transportation and chain-of-custody tracking from each client location to AIT’s processing facilities.

Regulatory Compliance: Provided detailed reporting and documentation, including Certificates of Data Destruction, to meet all regulatory requirements and facilitate audit processes.

Environmental Stewardship: Ensured all e-waste was processed in an environmentally responsible manner, promoting sustainability and corporate social responsibility.

Results

Data Security: Eliminated risks associated with data breaches from improperly disposed devices.

Compliance: Achieved full adherence to industry regulations, mitigating potential legal and financial repercussions.

Sustainability: Contributed to environmental conservation by responsibly recycling electronic components.

Client testimonial

“Partnering with AIT Enterprise Recycling has been instrumental in enhancing our data security measures and ensuring compliance with industry regulations. Their comprehensive approach to e-waste recycling has provided us with peace of mind, knowing that our clients’ sensitive information is handled with the utmost care and professionalism.”

James Carter, Compliance Officer, FordAV

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