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Tag Archives: data security

SERI looks to address smart device data challenges

Published: November 9, 2022
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Apple Watch on product box.

SERI is working to clarify its R2v3 standard on how to handle data on different kinds of smart devices. | Anastasia Desiana/Shutterstock

This story has been corrected.

It has long been acknowledged in the reuse world that some smart items, such as fitness trackers, are difficult to properly wipe personal data from. One organization is now taking steps to address the problem. 

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Morgan Stanley pays millions more in wake of ITAD mishaps

Published: October 12, 2022
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Morgan Stanley company sign on building in Texas.

The financial costs from Morgan Stanley’s ITAD project mismanagement have grown to over $163 million. | JHVEPhoto/Shutterstock

This story has been updated.

Morgan Stanley’s years of IT asset disposition errors have cost the banking giant over $163 million, according to an updated E-Scrap News tally. New details on the data loss incidents have also recently come to light.

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Experts map out landmines in electronic data destruction

Published: June 16, 2022
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Hard drive shredding

At a recent industry conference, experts emphasized that removing and shredding hard drives may not destroy all data on devices. | Huguette Roe/Shutterstock

A client may ask a processor to destroy their hard drives, but doing so may not accomplish their ultimate goal: protecting the company by destroying all data. That’s because data may lurk in unsuspecting places.

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Pennsylvania processor adds capacity and evolves services

Published: March 3, 2022
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A stack of laptops and mobile devices.

Pennsylvania-based CyberCrunch has expanded its physical footprint and processing capacity in recent months. | Neirfy/Shutterstock

E-scrap recycler and ITAD provider CyberCrunch is expanding and remains poised for growth, aligning the company with a market that’s “be bought or buy,” company leaders said.

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Morgan Stanley: No data theft resulting from ITAD failure

Published: October 7, 2021
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Lock on keyboard.

The Morgan Stanley data mismanagement case continues to work its way through the court system. | wk1003mike / Shutterstock

Data that was mismanaged during Morgan Stanley’s ITAD processes has not been accessed for malicious intent, and therefore the class-action lawsuit against the financial giant should be dismissed, attorneys for the bank said in a new court filing.
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Morgan Stanley ‘ignored industry standards’ in data breach

Published: September 23, 2021
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Data center drive removal.

Lawyers allege a Morgan Stanley vice president was fired as a result of data mismanagement during an ITAD job. | Kjetil Kolbjornsrud / Shutterstock

Financial services giant Morgan Stanley terminated a contract with its long-standing IT asset disposition vendor to save money prior to a botched data center decommissioning job in 2016, lawyers alleged in court this month.

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Morgan Stanley names vendor in data security case

Published: August 19, 2021
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Morgan Stanley company logo on screen under magnifying glass.

A court filing this month revealed more details about data mismanagement that occurred during asset disposition at Morgan Stanley locations. | Mr. Tempter / Shutterstock

Morgan Stanley has identified the data center decommissioning provider it claims was responsible for a data-breach incident, which led to lawsuits and a $60 million penalty against the financial giant.

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