The financial services industry is disproportionately vulnerable to security breaches. Thwart fraud before it happens with partnership from the experts at Maxxum.
Protect High-Value Targets.
Financial institutions handle personally identifiable information (PII), account details, transaction histories, and investment data. This makes them prime targets for ransomware, phishing, and insider threats.
Protect and Preserve
Data security in finance isn’t just about compliance—it’s about protecting livelihoods, preserving trust, and ensuring global stability. As cyber threats evolve, so must the defenses—through smarter tech, stronger culture, and sharper strategy.
The average cost of a breach in finance is over $6 million, second only to healthcare. Beyond money, breaches cause reputational damage, operational disruption, and regulatory scrutiny. You don’t want that.
Retired financial equipment—like decommissioned servers, outdated laptops, or legacy storage devices—can quietly become one of the biggest data security risks if not handled properly.
Retired financial tech isn’t just a liability—it can be an asset. Your devices can be sanitized and resold, offsetting upgrade costs while staying compliant. Responsible disposal also supports environmental, social, and government (ESG) goals and reduces e-waste.
Compliance
Regulatory Compliance
Financial institutions are bound by laws like GLBA, SOX, and the FTC Safeguards Rule, which require secure disposal of data-bearing assets. Failure to comply can lead to six-figure fines, lawsuits, and reputational damage.
Retired equipment must be tracked from removal to destruction or resale. As a certified ITAD provider, Maxxum offers:
- On-site or off-site data destruction
- Certificates of destruction
- Secure transport and audit logs
Make sure to retire your IT right so all data is sanitized and safe from hackers. Keeping an audit trail on dispositioned tech is easy with MaxxumSAFE.
Want Guidance? Let’s Talk.
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