Since March 2020, 41% of businesses have downsized their office space.

Since March 2020, 41% of businesses have downsized their office space. As the number of workers in-office full-time is shrinking and hybrid work is growing, more organizations are opting to reduce their office space. If a hybrid working format is in the future for your organization, 4THBIN has a full range of power to help you get started!

The number of data breaches in the U.S. has increased from 447 in 2012 to over 1,800 by 2022

The significant increase in data breaches in the U.S. over the past decade, from 447 in 2012 to over 1,800 by 2022, underscores the critical need to safeguard sensitive information. Properly destructing data on end-of-life electronics is essential to mitigate these risks by ensuring irretrievable removal of confidential data. 4THBIN offers certified data destruction solutions, ensuring complete eradication of sensitive information and maintaining 100% data compliance with zero breaches.

The average cost of a data breach with a lifecycle over 200 days is $4.95 million

Prioritizing the destruction of data on end-of-life electronics is essential for preventing data breaches, as it guarantees that sensitive information remains inaccessible to unauthorized individuals. Through secure data destruction practices, organizations can significantly diminish the likelihood of breaches and minimize potential financial ramifications. With the average cost of a breach totaling $4.95 million for lifecycles over 200 days, proactive data destruction measures are crucial.

Data breaches exposed at least 42 million records between March 2021 and February 2022

Secure e-waste recycling and proper data destruction protocols are essential for preventing data breaches, especially considering the alarming exposure of at least 42 million records between March 2021 and February 2022. By ensuring the safe disposal of electronic devices and the thorough eradication of sensitive data, organizations can effectively mitigate the risk of unauthorized access. Data breaches typically involve compromising various types of information, including financial data, and sensitive corporate information.

In 2022, 19% of data breaches were traced back to stolen or compromised credentials

In 2022, 19% of data breaches were traced back to stolen or compromised credentials, with an average financial impact of $4.5 million per incident. To mitigate such risks, businesses must prioritize proper e-waste disposal and data destruction practices. By entrusting certified professionals with the secure handling and destruction of electronic waste, companies can ensure the protection of sensitive information and avoid the substantial financial and reputational repercussions associated with data breaches.

Statistics show that approximately 60% of small businesses cease operations within six months of experiencing a data breach or cyberattack

Proper e-waste procedures and thorough data destruction are crucial elements in preventing data breaches, which can have devastating consequences for businesses. Statistics show that approximately 60% of small businesses cease operations within six months of experiencing a data breach or cyberattack. By implementing robust processes for the disposal of electronic devices and ensuring complete data destruction, businesses can significantly reduce the risk of sensitive information falling into the wrong hands.