Cobalt is the #1 Choice for I.T. Asset Disposition for the Finance & Banking Industry.

Think of all the electronic data your financial institution is housing: 

  • Every customer’s personal data
  • All sensitive transaction information

Even with world-class technology, modern encryption measures, and state-of-the-art security systems in place, there’s still one issue:

Your financial institution’s outdated hardware.

“It Can’t Happen to Us.” Think Again.

Here are all the types of financial documents that could put your company at risk:

  • Income Statements
  • Payroll Forms
  • Invoice Documents

Financial Industry Security Issues:

According to the 2016 Financial Cybersecurity Report issued by SecurityScorecard, there are several issues that banks, credit unions, and other financial entities should be aware of:

  • Almost all U.S. commercial banks have a Network Security grade of ‘C’ or below 
  • The Financial industry’s I.P. Reputation score was far below average. According to the same source, “low IP Reputation scores are over three times more likely to experience a data breach compared to companies with a high IP reputation score”

The Physical Remnants of Web-Based Banking:

Customer credentials pass through several checkpoints (some physical, some digital), and the likelihood that some of that information is still stored on physical devices is high.

As technology evolves, the need for data protection increases.

Since most financial data and sensitive banking documentation is housed on computers, laptops, and phones, there is a need to properly dispose of this hardware without sacrificing your sensitive info to a potential data breach.
You’re liable for your data. Let’s change that.

Utilize Cobalt’s Secure Data Destruction Program.

Cobalt has a wealth of experience servicing the data-bearing assets and equipment within the financial and banking industry. We accept applications from small institutions and large, national banking organizations.

The finance and banking Industry houses an incredible amount of sensitive data.

Banking organizations must protect these large databases of electronic records by adhering to strict regulatory compliance policies.

What happens when hardware is out of date, in need of replacement, and still storing sensitive info?

An avoidance or ignorance of compliance policies could result in data breaches, damage to brand reputation, financial harm. Your financial or banking organization’s outdated I.T. Assets should be transferred to a certified ITAD entity that specializes in healthcare data destruction. 

As hardware generations are becoming obsolete quicker than ever before, now is the perfect time to reach out to a data destruction specialist to get a plan in place for when the time is right.

What is ITAD?

ITAD is the proper, responsible disposal of unused or obsolete electronic, data-bearing assets.

See How it Works

Are You Ready to Properly Dispose of Your Outdated IT Assets?

Don’t let your outdated electronics sit in a closet.
Turn them into profit. We process your assets at our secure facility and turn them into capital.

Contact Us