What’s The Cost Of A Lost Laptop? About $50K.

If you have a company issued laptop, you might want to pay attention to this. If you lose it, the value of that loss is up to $50K [Warning: PDF] according to a recent study:

The average value of a lost laptop is $49,246. This value is based on seven cost components: replacement cost, detection, forensics, data breach, lost intellectual property costs, lost productivity and legal, consulting and regulatory expenses.

And why is that you ask? Simple:

What makes a lost laptop costly to a company is the potential for a data breach to occur. In the cases we studied, the occurrence of a data breach represents 80% of the cost.

That’s not good. Perhaps companies should rethink how they issue laptops to avoid this issue? Or perhaps remote access products like the MobiKEY (which I’ve written about before) are the way to go?

Thoughts? Comments?

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