The growing adoption of mobile devices in business, boosted by trends such as Bring Your Own Device doesn’t come without a risk. Devices, holding your companies’ deepest secrets, get lost or stolen. It happened to NASA a couple years ago when a laptop holding an unencrypted list of employee contacts got stolen (read it here). It happed to a hospital in Connecticut that lost 9000 patient records (read it here).
The statistic from Kensington’s study state how a laptop is stolen every 53 seconds.(1) In other words: every 53 seconds, a company’s confidential data is at risk to be stolen and abused. It’s no secret, if there's anything keeping IT, security and risk managers awake at night, it's the fear losing confidential data. Securely managing laptops, tablets or smartphones is on top of the priority list today.
A recent study by Kensington reveals the real costs associated with the loss or theft of mobile devices (laptops, tablets, and smartphones). According to Kensington, the total cost is far greater than the cost of the device itself. With the loss of a single laptop, the average loss - meaning the true cost exceeds $49,000. There is obviously the cost of the device and the loss of employee productivity. Secondly, there is a potential loss of intellectual property. Finally, data breaches can come with legal implications and costs. For SMBs, this kind of loss could mean a grave financial impact. The cost of recovering from a single corporate data breach has nearly doubled from 2005, going from $3.3 million to $7.2 million in 2010. (1)
Other startling statistics you can see in the infographic below:
WHAT ARE BUSINESSES DOING TODAY TO PROTECT THEMSELVES FROM DATA BREACHES?
There are a couple of things any business should do to prevent loss or theft of devices, as well as reduce the impact in case devices are stolen or lost:
HOW CAN AWINGU HELP?
Awingu provides a secure access to a companies’ applications and files via the browser. There is no local data, so it can’t get stolen together with the device. Awingu significantly reduces the risks and impacts of device and data theft. Even the loss of productivity can be minimized, as the end-user will be able to continue working securely with all his apps and files from another device (e.g. a personal laptop, a hotel desktop, a replacement device…).
Here are 5 important points Awingu covers regarding the mobile device security:
Click here for your two-week free Awingu trial and start implementing secure mobile device policy today!
1/25/2017 by Iva Divic