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ABSTRACT:
From January to May of this year, the Identity Theft Resource Center tracked 136 major identity thefts affecting 56 million people. According to the Ponemon Institute, 45 percent of such breaches result from missing laptops. At an average corporate cost of $182 per compromised record, why doesn't every company encrypt laptop data? "Worldwide, about 20 percent of laptops are encrypted," says Richard Stone, vice president of marketing at mobile security vendor Credant Technologies. "A year ago, one barrier was budget, but most companies have now gotten past that. During the VA incident, envelopes alone to notify those affected cost $11 million. Encrypting that data would certainly have cost less." Stone believes that many companies do not yet encrypt laptop data because they have not determined exactly what they must do to comply with regulations and make their organization secure. "Measure twice, cut once applies to encryption," he says.
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AUTHOR:
Lisa Phifer
Vice President, Core Competence Inc.
Lisa Phifer, a renowned instructor and conference speaker in the realm of mobile security, has been involved in the design, implementation and the evaluation of data communications, internetworking, security and network management products for over 20 years. As VP of Core Competence, she has advised large and small companies regarding security needs product assessment and the use of emerging technologies and best practices. Before joining Core Competence, Lisa was a Member of Technical Staff at Bell Communications Research where she won a president's award for her work on ATM Network Management.
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