Asset Value Management Services, LLC 
EN
ESCustomer financial data demands a provable disposal process
Financial institutions run equipment in branches, call centers, operations centers and data centers, and every device can hold account numbers, loan files, policyholder records or consumer report information. Branch consolidations, mergers and hardware refreshes all generate retired equipment that must be handled without a gap in custody.
Regulators and auditors expect more than a promise that drives were wiped. They expect a written program, a vendor overseen as part of it, and records that show each device was sanitized. AVM gives your information security and vendor management teams the documentation to demonstrate exactly that.
Regulations to plan for
GLBA Safeguards Rule (16 CFR Part 314)
Requires financial institutions under FTC jurisdiction to maintain an information security program that includes secure disposal of customer information and oversight of service providers; federally regulated banks and credit unions follow comparable interagency information security guidelines.
AVM provides certified erasure, physical destruction and serial-level reports you can use in vendor oversight and program reviews.
FTC Disposal Rule (16 CFR Part 682) / FACTA
Requires anyone who maintains or possesses consumer report information to take reasonable measures to protect it during disposal, including destroying or erasing electronic media so the information cannot be read or reconstructed.
Every data-bearing device is erased with WipeOS to NIST SP 800-88 or physically destroyed, and the result is recorded per line item.
Summaries for planning only, not legal advice. Confirm obligations with your counsel.
How AVM helps
- Branch and site closeoutsEquipment removal for branch consolidations, relocations and office closures.
- Data center decommissioningServer and network clean-outs, including white-glove server moves.
- Certified data erasureWipeOS erasure to NIST SP 800-88 and DoD 5220.22-M, with physical destruction when needed.
- Chain of custodyDocumented handling from pickup to final disposition, with secure quarantine.
- Examiner-ready recordsLine-item reports, historical records and wipe verification comments in a secure portal.
- Value recoveryAVM purchases equipment with after-market value to offset refresh and closeout costs.
Recommended services
Frequently asked questions
AVM provides documented chain of custody, a secure quarantine area, certified erasure to NIST SP 800-88 and line-item reports by serial number. These records give your vendor management team concrete evidence of how each device was handled.
