What constitutes a formal “transfer of liability” for disposed of assets? Is a certificate of destruction enough?
A Certificate of Destruction or Certificate of Recycling provides a high level of protection by showing that the organization took all appropriate steps to properly dispose of its IT assets. However, the organization can never fully transfer liability; it will always be accountable for what happens downstream with that asset. A third party provider can promise unlimited liability but they can only cover damages to the extent of their company’s worth. Additionally, reputation damage, corrective actions and customer turnover are all costs that reflect back on the original organization. A proper, transparent ITAD process with a proven ITAD provider is paramount to ensuring your organization minimizes liability and risk.
