Vulnerabilities / Threats
12/2/2010
03:50 PM
Connect Directly
LinkedIn
Twitter
Google+
RSS
E-Mail
50%
50%

Lost Laptops Cost Billions

An Intel-sponsored study finds that organizations fail to grasp the risk of lost laptops.

Businesses are losing billions of dollars annually as a result of lost and stolen laptop computers, a new study shows.

Representatives from Intel, which sponsored "The Billion Dollar Laptop Study," and the Ponemon Institute, which conducted the study, announced their findings at a media event in San Francisco on Thursday.

The 329 organizations surveyed lost more than 86,000 laptops over the course of a year, the study found. Larry Ponemon, chairman and founder of the Ponemon Institute, said that based on these findings and a 2009 survey that put the average cost of lost laptop data at $49,246, the cost to these organizations came to more than $2.1 billion or $6.4 million per organization.

"A lot of organizations are incompetent at protecting information assets," said Ponemon.

Ponemon explained that the value of the lost hardware represented only a small portion of the estimated cost. Most of the cost is linked to the value of intellectual property on these laptops and the fees associated with data breaches and statutory notification requirements.

The study painted a grim picture about lost and stolen laptops. It found that laptops have a 5% to 10% chance of being lost or stolen over three years. Only 5% of lost laptops are ever recovered. Theft accounts for 25% of losses and likely theft for 15%. Sixty percent of lost laptops simply go missing, their fate unknown. Some lost laptops are believed to be stripped for parts.

Intel's interest in this topic can be explained by the fact that it offers anti-theft technology. The latest generation of this technology, Intel Anti-Theft Technology (Intel AT) 3.0, will debut in Intel's Core and Core vPro processor families during the first quarter of 2011. Intel AT provides the ability: to disable access to encrypted data; to prevent the PC from booting; to send customizable messages that display under conditions; to disable a PC after a certain number of login attempts; and to disable a PC when the user has not checked-in as required.

Version 3.0 adds the ability to send a remote 3G SMS message using special cellular hardware to disable the PC, before it can be booted.

Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Cartoon
Current Issue
Flash Poll
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2013-7441
Published: 2015-05-29
The modern style negotiation in Network Block Device (nbd-server) 2.9.22 through 3.3 allows remote attackers to cause a denial of service (root process termination) by (1) closing the connection during negotiation or (2) specifying a name for a non-existent export.

CVE-2014-9727
Published: 2015-05-29
AVM Fritz!Box allows remote attackers to execute arbitrary commands via shell metacharacters in the var:lang parameter to cgi-bin/webcm.

CVE-2015-0200
Published: 2015-05-29
IBM WebSphere Commerce 6.x through 6.0.0.11 and 7.x before 7.0.0.8 IF2 allows local users to obtain sensitive database information via unspecified vectors.

CVE-2015-0751
Published: 2015-05-29
Cisco IP Phone 7861, when firmware from Cisco Unified Communications Manager 10.3(1) is used, allows remote attackers to cause a denial of service via crafted packets, aka Bug ID CSCus81800.

CVE-2015-0752
Published: 2015-05-29
Cross-site scripting (XSS) vulnerability in Cisco TelePresence Video Communication Server (VCS) X8.5.1 allows remote attackers to inject arbitrary web script or HTML via a crafted URL, aka Bug ID CSCut27635.

Dark Reading Radio
Archived Dark Reading Radio
After a serious cybersecurity incident, everyone will be looking to you for answers -- but you’ll never have complete information and you’ll never have enough time. So in those heated moments, when a business is on the brink of collapse, how will you and the rest of the board room executives respond?