IQ-EQ, is a leading Fintech company based in Luxembourg, with presence across several locations worldwide. It provides administration, asset and advisory services, enabling investors to focus on investing and preserving capital. It works with seven of the top 10 global private equity firms. Handling, processing and disposing of highly sensitive investor data is a crucial element for IQ-EQ's regulatory compliance needs.
IQ-EQ had the following needs while assessing data erasure solutions:
- Secure & Certified wiping of hard drives as per global data erasure standards The company needed data erasure software that could wipe hard disk drives, and solid-state drives & generate erasure certificate that helps them meet global compliance. Its prime need was to have a certified data wiping solution that adheres to globally recognized data wiping standards for meeting international data privacy and data protection regulations.
- Cloud-based Central Repository of Reports The Fintech Company required a cloud-based reporting system so that reports could be stored and retrieved instantly from any place. Considering that IQ-EQ has a global presence with multiple locations worldwide, it required a cloud repository of reports for 24x7 global accessibility in contrast to standalone cumbersome and static reporting.
Solution: The IQ-EQ team evaluated BitRaser Drive Eraser for erasing hard drives & SSDs. The company found BitRaser Drive Eraser Cloud Console variant very impressive to meet its hard drive wiping needs with cloud repository for reports and certificates. BitRaser Drive Eraser successfully wiped the PCs in accordance with the global data erasure standards including NIST 800-88 Purge. It also generated digitally signed certificates and reports for a complete audit trail. Data erasure records were also uploaded successfully to a secure cloud by the software.