US companies losing billions of dollars on lost laptops

By on December 3, 2010, 5:32 PM
Based on an Intel-funded study conducted by the Ponemon Institute, US businesses are losing billions of dollars a year on missing laptops. The survey discovered that in a one-year period, the 329 companies polled lost 86,455 notebooks, which averages out to 263 per organization.

It's suggested that the total economic impact of losing that many laptops is around $2.1 billion, which includes expenses like lost intellectual property and productivity, as well as legal, consulting, and regulatory fees. The average value of one lost notebook is said to be $49,246.

"Looking at these results, you can barely fathom the significant financial impact of missing laptops," said Intel. "More astonishing, considering the vulnerability of laptops and their data is that the majority of these companies aren't taking even basic precautions to protect them."

The study found that most companies don't take simple security measures such as encrypting and backing up data. Some 46% of the lost machines contained confidential information, but only 30% of those systems were encrypted and a mere 29% were backed up.

So, where are all the notebooks going? Surprisingly, only 25% of the systems are believed to be stolen (though thieves are suspected to be responsible for another) 15%. The remaining 60% simply vanished into the ether apparently, with the devices generically logged as 'missing'.

Some 40% of all the lost laptops disappeared in seemingly safe off-site locations, such as homes and hotel rooms. A third were lost while traveling via airports and so on, while 12% were misplaced in workers' offices. Only 5% of the missing notebooks are ever recovered.

User Comments: 11

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Cota Cota said:

Worker: yeah... i lost the laptop whit this semesters sells records...

Boss: do you at least have some back up on your USB's or desktop? O.O

Worker: no, i really needed space for my por.....

*Akward Silence*

Boss: Step into my office.

Worker: why?

Boss: because you are ******* fired.

Shit tons of porn.............................. Free

A 500GB external HDD ................... 99 dlls

Keeping your job and your porn...... Priceless

yRaz yRaz said:

I keep all my porn in the cloud

Mikymjr Mikymjr said:

I wonder how people lose laptops that a company bought for internall use only? The country were i'm from usually uses this simple method: if you lose it, you pay the damage (every penny)

fpsgamerJR62 said:

Why not just use desktops for work done inside company premises ? It would be that much harder to lose a full-size desktop compared to a laptop. Whoever loses his or her issued PC should pay for it. It's part of each worker's responsibility.

lchu12 lchu12 said:

yRaz said:

I keep all my porn in the cloud


jetkami said:

Maybe if companies treasured their workers more and treated them with respect, the workers would be much more Conscious about their companies hardware. I know I never thought about stealing hard drives or laptops when I worked for a company that showed me it appreciated my work and sacrifice. As for the other companies..well I never stole anything; but I only half-heartedly investigated when laptops, cpus, hard drives, mice, monitors and etc went missing.

Wendig0 Wendig0, TechSpot Paladin, said:

Goodbye Xiaojiehho... Your spam won't be missed

aj_the_kidd said:

"60% simply vanished", this stat is quite amazing if you ask me.

treeski treeski said:

I don't understand how so many laptops are lost or just disappear. I understand if a laptop is stolen... but how do you just lose a laptop?

Guest said:

The obvious implication is that a significant number of laptops are simply kept by employees who conveniently say that it was stolen or lost.

aj_the_kidd said:

Guest said:

The obvious implication is that a significant number of laptops are simply kept by employees who conveniently say that it was stolen or lost.

.... and couldnt get rid of all the viruses that came from looking up all that porn

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