As the pressure to constantly reduce costs within businesses continues, more companies are choosing to get the most of their IT budget by using ITAD (IT Asset Disposal) companies offering free IT recycling. However have you ever considered the cost implications if you don’t invest in a fully accredited ITAD partner?
It is crucial that when it comes to choosing an ITAD partner that your decision is not solely based on price, as cutting corners to save money may ultimately cost you more. Any breaches in data protection legislation, which compromise individuals or clients confidentiality, could potentially ruin an organisation financially. There has been a significant rise in the cost of security breaches with the expense doubling in 2014 compared to 2013. The average cost of an individual breach for large organisations ranged from £600K – £1.15m and for small businesses the range was £65K – £115K (2014 Information Security Breaches Survey).
The above figures does not take into consideration the unseen costs, such as the incident recovery cost and the damage that can be caused to the reputation of an organisation. Negative publicity can end up costing a business far more than a finance penalty and often takes a much longer time to recover from.
Therefore it stands to reason that managing the aftermath of incidents once they have occurred are far more expensive to an organisation than proactively controlling the risks. It is crucial companies consider the impact to their organisation should they fail to dispose of their IT assets securely and responsibly.
You are legally responsible for the disposal of your IT Assets
The struggle to reduce costs has led to companies opting to use cheaper, less secure IT asset disposal companies. It must be highlighted that ultimately the responsibility for legal IT asset disposal falls with the organisation from whom the assets and data originated. Therefore you need to ensure that you choose a fully compliant ITAD partner. With Vyta you can guarantee that you are working with a reliable and fully accredited service provider. Security is focused on at every level of our service offering:
- Security Cleared Personnel (BS7858)
- GPS Tracked and Geo-Fenced Vehicles
- Secure, approved, licensed facilities
- Using CESG approved data erasing software
- Compliance with all environmental legislation and data privacy laws
- Detailed Asset Tracking
- Fully Auditable Process
Unlock the value in your IT equipment with remarketing
Vyta’s remarketing service can aid in unlocking potential value from your redundant IT assets. Using a network of re-use partners and brokers, we resell your IT Assets and pass back an agreed revenue share to your organisation. We pride ourselves on our ability to receive the greatest value for each device, choosing a route that will provide the highest possible return in order to maximise the client return. Through our partnership as a Microsoft Authorised Refurbisher (MAR) all items chosen for resale will have the operating system upgrade to Windows 7, further increasing the return value to our clients.
You can’t afford not to!
We have discussed the cost implications and consequences for those companies who do not choose to responsibly dispose of their IT Assets with a fully accredited partner. By reviewing your ITAD policy and by partnering with Vyta you could protect your organisation from these risks and cost implications. Benefits such as having ‘peace of mind’ that you are using a fully accredited ITAD partner and gaining potential return from remarketing revenue, far outweigh the initial cost saving from using a free recycling company. In these times of cost reduction and efficiency the above provides a strong ROI argument – you can’t afford not to choose Vyta.
