Intel® Anti-Theft Technology and Symantec PGP White Paper
Safeguarding Critical Enterprise Assets and Data: Symantec PGP* Whole Disk Encryption and PGP* Remote Disable & Destroy with Intel® Anti-Theft Technology
Each year, an estimated two million laptops are stolen, and 97 percent of those are never recovered. In addition, one in 10 people have lost a laptop, smartphone, or USB drive that contains corporate information. In almost every case, these stolen hardware assets contain sensitive, valuable data that is proprietary or confidential. These statistics represent a serious financial risk to the enterprise in lost physical assets (hardware) and electronic assets (data and intellectual property). Enterprises need a reliable way to deter laptop theft, and if theft does occur, disable access to or destroy the previously encrypted stolen data even though the hardware is out of reach.
The Real Cost of Unprotected Assets
The average cost of a lost laptop is USD 49,246. This amount includes the costs of hardware replacement and IT re-provisioning, the lost time and productivity of the employee during the replacement cycle, and lost business opportunities. For example, if the employee’s laptop is stolen during a business trip, the presentations and demos stored on that laptop are no longer available to show to potential customers. The financial risks to the enterprise are further compounded by the loss of intellectual property, damage to the company’s brand image, loss of public and investor confidence, costs to notify clients, and lost revenue.
If the data on a laptop is not protected and a breach occurs, the enterprise can suffer costly notification and reporting expenses and be at risk for litigation given the worldwide variety of privacy and data security regulations. In the United States, these include Sarbanes-Oxley (SOX), the Fair and Accurate Credit Transactions Act (FACTA), and the Health Insurance Portability and Accountability Act (HIPAA). The European Union has its own set of data security regulations.
Read the full Anti-Theft Technology White Paper.