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Is there a Data Security Gap?

Jan 25 2013

Data Security top on agenda as data privacy day arrives

Estimated cost to the UK economy for IT related crime is £29.6 Billion!

It is perhaps unsurprising then that the UK IT Security Market is worth £2.8 Billion. With these vast amounts spent every year on securing personal and business data, are you and your business taking the same precautions when disposing of broken or unwanted electronics and IT equipment?

If you’re not, then you should be!

You could have sensitive data about you, your customers, your business and brand which if landed in the wrong hands could do significant damage to you organisation. Even photocopiers and printers hold data which could be harmful to your organisation and employees if discovered outside of your control. Having a strategic view on IT asset disposal is essential in todays' world.

Data Privacy Day takes place on the 28th January every year and is an annual International Event to raise awareness for the dangers of “cyber-crime”. With us all living in an ever connected world, where information is power and memory is cheap, we need to be more aware of just what we are throwing away. Sims Lifecycle Services, a leading IT Asset Services company who handles sensitive customer data every day when recovering, refurbishing, reselling and recycling IT and communications equipment around Europe, encourages businesses and individuals to be more aware of their data when disposing of their electronic assets.

Myles Pilkington, a senior Manager at the company explains: “Unfortunately we are a throw-away society. Once something stops being suitable for our needs, we regard it as waste. Waste has no value and subsequently we do not really value how we get rid of it. In terms of IT and Mobile Technology, this could not be further from the truth. As IT equipment contains data, information and subsequently knowledge about us and our businesses.

“10 years ago, 1Gb of memory would have seemed a large amount of memory storage. Today, 16Gb of memory costs as little as £8; yet contains the equivalent to over 300 filing cabinets of paper filled with information. Would your business allow that much paper to leave its premises without being shredded, first?

“The answer is ‘NO of course not’.

“The reality is that we are faced with a culture that allows us to easily replace unwanted electronic items whether it’s broken, out of fashion, an old model or just because we fancy a new model. This makes data destruction and data wiping activities more important than ever. How many mobile phones or broken laptops do we have in our homes and offices which contain valuable data?

The key message from Sims is to dispose of your electronics and IT assets responsibly and securely.”

Find out more about how your business can manage the data security gap in IT asset disposal.

Notes for editors

Contact Information
Myles Pilkington, Group Marketing Manager, Sims Recycling Solutions. +44 1789 722039

Sims Lifecycle Services is a leading IT Asset Management company supporting organisations around the globe with the secure recovery and disposition of their IT and communications assets and operating to some of the highest recognised standards and certifications in the industry.
Sims Lifecycle Services, is part of Sims Recycling Solutions, the world’s Largest electronics and electrical equipment recovery and recycling company. Globally Sims Recycling Solutions recycles over 700,000 tonnes of e-waste every year.

Sims Metal Management is the world's largest listed metal recycler with approximately 270 facilities and 6,600 employees globally. Sims' core businesses are metal recycling and electronics recycling. Sims Metal Management generated approximately 88 percent of its revenue from operations in North America, the United Kingdom, Continental Europe, New Zealand and Asia in Fiscal 2012. The Company's ordinary shares are listed on the Australian Securities Exchange (ASX:SGM) and its ADRs are listed on the New York Stock Exchange (NYSE:SMS). Please visit our website for more information on the Company and recent developments