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Integrating Risk Management into your ITAD program

A risk is quantified by evaluating the impact of an event against its occurrence. In today’s digital world, all organizations face IT risks irrespective of their size. ITAD entails getting rid of unwanted or obsolete IT resources in an ecologically-responsible and safe manner. It’s an important part of risk management and should be incorporated into your company’s corporate data security strategy.

Generally, risk managers are encouraged to evaluate ITAD risks when planning an IT asset disposal program. This involves rethinking core ITAD management processes and practices to ensure that you can answer these questions:

  • Will you be in a position to know if an ITAD risk leads to losses? 
  • What structures are in place to report losses? 
  • Do your employees have the ability to hide losses? 
  • Have employees been trained on pertinent aspects of the ITAD process?
  • How would your ITAD program rank if it was subjected to direct examination? 

By evaluating possible IT risks, the data security of your disposed IT equipment is guaranteed.  Likewise, you will have the extra sense of security, knowing that thanks to the program, IT resources that are no longer useful have been destroyed professionally.

risk-management-diagram

There are additional strategies that tend to be unique to each organization and their needs. Working with a qualified, and certified, IT asset disposition company is how most companies get the expertise and guidance needed to manage these programs securely and effectively.

Integrating risk management into your ITAD program will go a long way in keeping your company’s data safe and secure. Therefore, always prioritize potential risks and relevant regulations as you create a plan for an upcoming ITAD process.

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