Vulnerabilities / Threats
12/2/2010
03:50 PM
Connect Directly
Google+
LinkedIn
Twitter
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
Flash Poll
Current Issue
Cartoon
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-2970
Published: 2014-07-31
** REJECT ** DO NOT USE THIS CANDIDATE NUMBER. ConsultIDs: CVE-2014-5139. Reason: This candidate is a duplicate of CVE-2014-5139, and has also been used to refer to an unrelated topic that is currently outside the scope of CVE. This unrelated topic is a LibreSSL code change adding functionality ...

CVE-2014-0914
Published: 2014-07-30
Cross-site scripting (XSS) vulnerability in IBM Maximo Asset Management 6.2 through 6.2.8 and 6.x and 7.x through 7.5.0.6, Maximo Asset Management 7.5 through 7.5.0.3 and 7.5.1 through 7.5.1.2 for SmartCloud Control Desk, and Maximo Asset Management 6.2 through 6.2.8 for Tivoli IT Asset Management f...

CVE-2014-0915
Published: 2014-07-30
Multiple cross-site scripting (XSS) vulnerabilities in IBM Maximo Asset Management 6.2 through 6.2.8, 6.x and 7.1 through 7.1.1.2, and 7.5 through 7.5.0.6; Maximo Asset Management 7.5 through 7.5.0.3 and 7.5.1 through 7.5.1.2 for SmartCloud Control Desk; and Maximo Asset Management 6.2 through 6.2.8...

CVE-2014-0947
Published: 2014-07-30
Unspecified vulnerability in the server in IBM Rational Software Architect Design Manager 4.0.6 allows remote authenticated users to execute arbitrary code via a crafted update site.

CVE-2014-0948
Published: 2014-07-30
Unspecified vulnerability in IBM Rational Software Architect Design Manager and Rational Rhapsody Design Manager 3.x and 4.x before 4.0.7 allows remote authenticated users to execute arbitrary code via a crafted ZIP archive.

Best of the Web
Dark Reading Radio