Thursday, June 25, 2009

Study Says of All Missing Laptops - 20% are Stolen, 80% are Lost

Came across an interesting article today on IT World that talked about the Intel and Ponemon Institute study about the cost to businesses of lost or stolen laptop:

"A recent study commissioned by Intel and conducted by the Ponemon Institute shows that a lost or stolen laptop is worth far more than just the hardware. When everything is taken into account, such losses cost a company as much as $115,000 and an average of $49,000.

The study analyzed 138 cases of lost and stolen notebooks. The average cost of $49,246 was based on costs associated with much more than just hardware and software replacement: detection and escalation, forensics and investigation, data breach, lost intellectual property, lost productivity, and other legal or regulatory costs. The study notes that the highest cost components are data breach and intellectual property loss..."

Now, I'm wondering how much costs could be reduced if lost or stolen laptops had Phoenix Technologies' FailSafe. My guess is substantial.

Read the full story here:

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