Data breaches are increasing and the costs associated with data breach increased 13% from 2020 to 2022, according to IBM. In 2022, data breaches cost an average of $4.35 million globally ($9.9 million in the US) – but beyond the financial impact, the reputation and integrity of these organizations was jeopardized.

It is time to envision things differently. IT asset disposition (ITAD) is an important piece of data security risk management, which organizations often overlook. Despite the risks associated with hardware disposition, a new survey from Foundry reveals that many companies are neglecting proper security precautions. More than 40% of companies surveyed still do not yet have a formal ITAD strategy in place.