Lost and Stolen Employee Devices Key Source of Security Breaches

Posted on May 20, 2014
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A Portland, Oregon radio station announced the private information of 13,000 staff and listeners was compromised after an employee’s backpack was stolen from a vehicle.

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The bag included the magnetic tape storage devices holding social security numbers, bank information and credit card numbers, according to SC Magazine.

The company is now paying for a free year of identity theft protection and credit monitoring services for all those potentially impacted. The expense has not been released.

Stolen and lost employee technology is quickly becoming an expensive component of business today.

A study conducted by the Ponemon Institute looked at the cost of lost and stolen employee laptops, surveying 329 private and public-sector organizations. The report took into account organizations with less than 1,000 employees – and large-scale companies with more than 75,00 employees.

According to the report, 46 percent of stolen systems held confidential information – just 30 percent had encryption.

The report also uncovered the tremendous cost of lost and stolen laptops – not for replacement of the devices, but for costs associated with data protection for those whose information was compromised through the loss of the data. The average cost per stolen/lost laptop came in at around $49,000, according to the Ponemon Institute report.

 

 

 

JonsfaceFor information on how to protect your organization from the costs associated with security breaches, contact Citon Director of Business Development Jon Heyesen at 218.720.4435.