Electronics Recycling for the Financial Industry
Protect Your Confidential Information with Electronics Recycling and Data Destruction Services
Financial institutions handle vast amounts of sensitive data stored on electronic devices. From Social Security Numbers to addresses to phone numbers and more, they are a prime target for cyberattacks. Finance firms lose, on average, $5.9 million per data breach. That’s 28% higher than the global average. Proper disposal of these devices is paramount to safeguarding confidential information, maintaining regulatory compliance, and protecting the reputation of financial organizations.
At ShredTronics, we understand the unique needs and challenges faced by the finance sector, which is why we offer specialized electronics recycling services designed to meet the stringent security and compliance requirements of banks, investment firms, and other financial institutions. With our industry-leading expertise, state-of-the-art facilities, and unwavering commitment to data security and environmental responsibility, we provide a trusted and reliable solution for the secure disposal and recycling of electronic devices.
IT Asset Disposition (ITAD)
Repurpose your firm’s old electronics with ITAD services. Our service providers will securely delete the data stored on your devices before recycling or repurposing them.
Electronics Destruction
Safely dispose of old cell phones, landlines, laptops, computers, printers and copy machines, hard drives, tablets, media, and more.
Mail-In Electronics Destruction
Conveniently mail-in your old and unused electronics to our service providers for secure destruction and recycling.
The Challenges of the Financial Industry
The financial industry is one of the most targeted industries for criminals. Banks, loan services, credit unions, and brokerage firms hold customers’ financial data and other confidential information such as Social Security Numbers, that could damage both their customers, employees, and business.
Strict federal laws, such as SOX and GLBA, as well as state laws, govern data privacy for the financial industry to some of the highest standards, similar to healthcare. Penalties for non-compliance with SOX can reach up to $5 million and 20 years of imprisonment. Fines for GLBA non-compliance can go up to $100,000 per violation and 5 years of imprisonment. In addition, data breaches can damage a financial institution’s reputation, causing them to lose customers.
Secure data destruction and electronics recycling services protect the financial sector from putting their confidential information in the wrong hands. Depending on your service provider, you may be able to watch your devices get destroyed onsite for the utmost security. With onsite or offsite destruction and recycling, you will receive a certificate of destruction for your records to prove the process was done in compliance with these strict state and federal regulations.
Sustainable
Properly disposing of electronics is vital to the well-being of the environment. Services are compliant with e-waste disposal laws and seek to keep materials out of landfills.
Secure
Your data remains secure through the entire disposal process. Trust experts to keep your data safe by fully wiping or destroying your device.
Local
ShredTronics partners with local, certified service providers in your area. We find you the most affordable option for your project in our network–no matter where you’re located in the US.
Efficient
Get free, customized, no-obligation quotes for services in just a matter of minutes when you call or fill out the form during business hours. Get started right away when you contact us.
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Financial Industry FAQs
How secure is ShredTronics?
All of our service providers follow all state and federal regulations when it comes to data privacy and the environment. Electronics destruction and recycling ensures your data is unrecoverable and the valuable materials are recycled to make completely new devices. In addition, you will receive a certificate of destruction after your electronics are destroyed for your records. It details the process, ensuring it complies with privacy laws.
What devices contain and store data that my firm should destroy?
Many devices store important data, and these devices should be properly destroyed and recycled to keep private information secure.
– Cell phones
– Laptops
– Computers
– Printers and copy machines
– Hard drives
– Fax machines
– And more
How much does electronics destruction and recycling cost?
The price of your electronics destruction and recycling service will depend on the type of device(s) you have, how many, your location, and other factors. Once you contact us with the details of your project, we will be able to give you an accurate price quote.
What happens to the electronics after they’re destroyed?
After going through a shredder, magnets will collect iron and steel, while mechanical processing separates aluminum, copper, and other metals. Water separates the plastic and glass. Raw materials will be prepared for secondary recyclers or sent to manufacturers to be used in the production of other devices.
What is a certificate of destruction?
A certificate of destruction is a formal document that provides details about the destruction of your electronics and ensures the destruction and recycling process complies with all state and federal security laws. It includes details such as the transaction number, chain of custody, terms and conditions, collection date, location of the destruction, and more.
Why can’t I just trade, sell, or donate my electronics?
Electronics contain valuable information such as personal data, banking information, confidential business information, and more that can cause serious damage if it ends up in the wrong hands. Electronics destruction ensures that all of your data is unrecoverable.
What electronics can I destroy with mail-in?
Our service mail-in services are equipped to handle:
Electronic devices:
Computers, Laptops, Hard Drives, Cell Phones, Tablets, Microfiche and Micromedia
Media Devices:
LTO Data Cartridges, Travan Tape Cartridges, DDS-90 Data Tapes, VHS, DAT Tapes, Audio Cassettes, USB Drives, Memory Cards, CDs and DVDs
