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IT Asset Management Lifecycle – Retiring

IT Asset Management Lifecycle – Retiring: This stage involves decommissioning the asset once it has reached the end of its operational life or is no longer required by the organization. This may involve secure data deletion, hardware disposal, or transfer of the asset, all done in a way that mitigates any potential security risks. Retiring an asset in a controlled manner is crucial to prevent unauthorized access to any sensitive data that may remain on the asset.

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