A data wiping company executive makes the case that ITAD firms can benefit by wiping and reselling devices, particularly Chromebooks, from K-12 schools. | CC Photo Labs/Shutterstock
A data wiping company executive makes the case that ITAD firms can benefit by wiping and reselling devices, particularly Chromebooks, from K-12 schools. | CC Photo Labs/Shutterstock
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.
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.
WipeDrive is set to be purchased by Blancco Technology Group for up to $10 million. | Minerva Studio/Shutterstock
Drive erasure company Blancco Technology Group will pay up to $10 million for a competitor with a wide U.S. customer base.
Blancco’s Drive Eraser software can now process Chromebooks. | Courtesy of Blancco
Data erasure company Blancco Technology Group has rolled out drive-wiping capabilities for Chromebooks, low-cost computers that grew in popularity during the pandemic.
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.
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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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.
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.
Only 11 of 131 study respondents said they didn’t try to remove any personal data before disposing of a device. | Neirfy / Shutterstock
Consumers are overwhelmingly concerned about their personal data, and most of them try to delete it before selling or recycling their devices, according to new research.