ATLANTA and LONDON, June 16, 2016 /PRNewswire/ -- Pawnbroking has historically been a traditional business with the core of its revenue coming from loans and cash advances. As digital devices and technology have become central to everything consumers do today, pawnbrokers have evolved their business model and the types of goods offered to include the sale of used electronics.
According to Apex Insight, the pawnbroking industry has shown considerable growth in recent years – reaching over 2,000 stores across the UK. However, a 2014 investigation led by UK's Channel 4 – exposing two pawnbrokers who failed to wipe data before reselling smartphones – reiterated the potential of both financial and reputational damages that could arise in such instances.
To prevent similar data breaches for its own customers, H&T Group which trades as H&T Pawnbrokers, one of the largest pawnbroking chains in the UK, has joined forces with Blancco Technology Group to permanently erase data from all used laptops, smartphones and tablets sold in its 187 retail stores. Through the partnership, H&T Pawnbrokers will use a combination of the patented Blancco 5 solution, along with the Blancco 5 Mobile and Blancco Cloud solutions, to safeguard the privacy of its customers.
Mark Harrold, Commercial Manager of H&T Pawnbrokers, stated, "Our customers, and in particular, those using our buyback services look and buy very differently today than they once did – they're younger (mid-thirties in age), more tech savvy and highly aware of and sensitive to privacy risks. To keep H&T Pawnbrokers' 119-year-old reputation intact and serve our customers' new set of needs, we knew that data erasure and mobile diagnostics software would be vital. Working with Blancco Technology Group allows us to prove our commitment to our customers and reassure our stakeholders as to the strength and growth of our business model moving forward."
Additionally, H&T Pawnbrokers will tap into the added diagnostic features of the Blancco 5 Mobile Diagnostics solution in order to maximize the overall performance and resale value of its smartphone and tablet inventory. "When technology enables us to keep our customers' mobile devices running optimally and prevent the leak of sensitive, confidential data, that translates to increased sales, customer loyalty and retention for our business," said Robbie Fowle, Head of Marketing for H&T Pawnbrokers. "By delivering these added benefits, Blancco Technology Group has proven itself to be an invaluable business partner."
"Just because something is second-hand doesn't mean it has to be second-rate," said Pat Clawson, CEO, Blancco Technology Group. "By using our data erasure and diagnostics solutions, H&T Pawnbrokers is vowing to its customer base that the used electronics they take home will run smoothly, have longer lifecycles and won't compromise their personal privacy. And it's saying so with absolute certainty."
Unlike other data erasure vendors, Blancco Technology Group is the only one who could provide a tamper-proof certificate verifying all data has been permanently removed, solidifying its readiness to comply with security regulations.
About Blancco Technology Group
Blancco Technology Group is a leading, global provider of mobile device diagnostics and secure data erasure solutions. We help our clients' customers test, diagnose, repair and repurpose IT devices with the most proven and certified software. Our clientele consists of equipment manufacturers, mobile network operators, retailers, financial institutions, healthcare providers and government organizations worldwide. The company is headquartered in Alpharetta, GA, United States, with a distributed workforce and customer base across the globe.
Blancco, a division of Blancco Technology Group, is the global de facto standard in certified data erasure. We provide thousands of organizations with an absolute line of defense against costly security breaches, as well as verification of regulatory compliance through a 100% tamper-proof audit trail.
SmartChk, a division of Blancco Technology Group, is a global innovator in mobile asset diagnostics and business intelligence. We partner with our customers to improve their customers' experience by providing seamless solutions to test, diagnose and repair mobile assets. SmartChk provides world-class support, pre and post implementation, allowing our customers to derive measurable business results.
About H&T Pawnbrokers
H&T Pawnbrokers is the UK's leading pawnbroking company established in 1897 in London with over 180 stores throughout the UK. Discount secondhand Jewellery is a trading format of H&T Pawnbrokers and offers an extensive range of individually selected secondhand gold, diamond, gemstone and silver jewellery as well as high-end watches. In addition to pawnbroking and jewellery retail, the stores are also able to offer jewellery valuations and repairs, jewellery purchase, foreign exchange services, personal loans, Western Union money transfer and cheque cashing. Find us on www.handt.co.uk. Follow us on Facebook and Twitter.
SHIFT Communications for Blancco Technology Group (US)
David Heffernan, Account Manager
T: (617) 779-1839
SAY Communications for Blancco Technology Group (Europe)
Robert Hickling, Senior Account Manager
T: 44 (0) 20 8971 6427
Blancco Technology Group
Ragini Bhalla, Senior Director of Global Communications
T: (678) 829-8465
Robbie Fowle, Head of Marketing
T: +44 (0) 20 8225 2744
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ht-pawnbrokers-strips-away-security-risks-of-second-hand-electronics-with-help-from-blancco-technology-group-300283821.html
SOURCE Blancco Technology Group