Data security

COSTLY MISTAKE: HOW IT ASSET DISPOSITION ERRORS CAN CAUSE MAJOR FINANCIAL HEADACHES

In September 2022, financial giant Morgan Stanley agreed to a $35 million settlement for failing to protect the personal identifying information (PII) of approximately 15 million customers over a five-year period. 

The Morgan Stanley data breaches, along with other recent data breaches among large retailers, are a chilling warning of what could happen for businesses who don’t properly dispose of electronics and personal data. These IT asset disposition errors made by Morgan Stanley bring to light the importance of protecting your business from similarly costly mistakes by partnering with a certified electronics recycler. 

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r2 recycling

WATCH: WHY R2 RECYCLING IS SO IMPORTANT

Morgan Stanley did not prioritize R2 recycling — and it ended in disaster. In this video, GER President Kristina Picciotti weighs in on the importance of working with the right electronics recycler.

Nothing underscores the importance of R2 recycling than the recent Morgan Stanley data breach. The multinational financial services company and investment bank terminated a contract with its trusted ITAD partner in favor of a company with no experience in the business of sanitizing end-of-life IT assets.

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