The current mobile phone market is growing exponentially and the rules are quickly changing. This is especially true for the secondary market, which alone is worth $17 billion. Let this soak in: there are an estimated 4.6 billion cell phones in use throughout the world; when those devices are returned, they will need data wiping and recycling so that manufacturers and retailers can remarket the devices to resellers. When it comes to data wiping and remarketing, organizations need to keep current with best practices to either stay – or become – a trusted player.
Risk avoidance is at the top of the list when it comes to remarketing used electronic devices. It’s important to know who is buying and ultimately reselling the devices. It’s also paramount to understand the regulations associated with these transactions.