Some fly by night “recyclers” were found not even attempting to remove the data from hard drives, or they were using “formatting” software to “erase” the hard drives. The problem is, if you are a targeted company or person; there are a multitude of people that have the abilities to recover data from a “erased” hard drive. This is one scenario from the past, and it is just as relevant today! Change the story line just a little, and it applies no matter.
IBM sponsored the 11th annual Cost of Data Breach Study, which is the industry’s gold-standard benchmark research, independently conducted by Ponemon Institute. 2016’s study found the average consolidated total cost of a data breach grew from $3.8 million in 2015 to $4 million dollars!