In April 2011, the Ponemon Institute released a benchmark study of European organizations focused on what it calls the "billion euro lost laptop problem." According to the study, lost or stolen laptops in Europe is a huge problem with over 72,000 laptops reported missing or stolen over a 12-month period by organizations participating in the Ponemon study. That figure translates into an average of 265 unaccounted for laptops per organization. Why describe this notebook data security problem as a "billion euro" problem? The value of these losses is staggering with an average cost of "'4.7 million per organization and "'1.29 billion across the EU.
The study reveals that just 13 percent of the lost laptops went missing in the workplace with the remainder being lost or stolen off-site (42 percent) or while in transit (32 percent). Of the 265 missing laptops per organization, just 12 laptops on average are ever recovered.
Not only is this a billion euro problem in terms of lost hardware, it's a huge concern from a computer and network security standpoint. After all, corporate laptops likely hold their fair share of corporate secrets.securitydataencryptionlaptop encryptionsoftwaretec
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