An organization’s information is the lifeblood of its business and must be protected at all costs. Rarely does a day go by without a major data breach hitting the headlines – Target, JP Morgan Chase, Equifax, Facebook – the list grows daily. The ramifications of a data breach are devastating, and many times will put a company out of business altogether.
Lately, I was examining a recent graph report about the number of aviation accidents relative to the 1990’s period of digitalization, and they revealed the following: Aviation incidents started to decline and continues to shrink to this day. And you can see on the same graph, that from the 1940s to the 1980s, accidents and incidents were on the rise. One could surmise that digital aviation systems and quality training do pay off.
Unsecured Physical Security of Data Bearing Devices (DBDs) that hold thousands to millions of protected records for Health information (PHI), Personally Identifiable Information (PII), or Sensitive Personal Information (SPI) leaves many companies non-compliant.
As companies deploy New Technologies into their organizations, they are faced with real problems of what to do with their old and outdated IT Assets. Be it data security, safety, confidentiality, compliance or environmental policies, it is no longer acceptable for companies to simply throw away failed or decommissioned data bearing devices or just pass them over to a third party. Companies have to consider protecting data that exists on such devices.
Businesses that are ill-prepared for the GDPR and who fail to comply face fines up to 4% of annual global revenue!
Time has run out for businesses ill-prepared for the May 2018 introduction of the EU’s GDPR. Those who fail to comply face fines up to 4% of annual global revenue or €20 million — whichever is greater!
TechR2’s® patent recognizes the unique process that TechR2® has developed to fully protect its business partners from data breaches that might otherwise result from mismanaged loose data-bearing devices.