European Businesses Complacent about Laptop Security Thursday 18 October 2001 PDF Print Study shows seventy per cent of European Companies have experienced laptop theft 17 October 2001 – A recent research study conducted by Kensington Technology Group reveals that despite growing concerns about internet and corporate security a high number of European businesses still remain complacent about the relatively simple issue of laptop security. According to the study, whilst 70 per cent of European businesses have experienced laptop theft, the majority are still not taking preventative measures to safeguard their equipment. The research also highlights that businesses still severely underestimate the true cost of laptop theft. Despite seven out of ten respondents having experienced at least one laptop theft, over half had not even considered using a security device as a deterrent. When questioned about the location of the thefts, 60 per cent admitted that the laptop was stolen from the office, which would suggest a level of complacency relating to security on familiar territory. A further 10 per cent were stolen from cars and the majority of the rest from hotels, airports and railway stations. The research also revealed that laptop users dramatically underestimate the true cost of the theft of a notebook computer. Respondents estimated the cost of a theft as between £2,000 and £3,000. Whilst this would cover the hardware costs for most notebooks, it does not take other hidden costs into account. Additional costs that businesses could incur as a result of laptop loss, which would more than double this estimate, might include; increased insurance premiums, procuring and deploying a replacement, lost data and productivity, not to mention the fact that many network breaches can be traced back to data found on stolen computers. "Considering the potential risk laptop theft poses to a business, it is surprising that it is not more of a priority," commented Simon Russen, marketing manager of Kensington. "A laptop falling into the wrong hands could result in the abuse of sensitive company information, potentially leading to further financial losses and damage to the organisation. In comparison the outlay and effort involved in deploying simple deterrents, such as Kensington’s MicroSaver security cables, is negligible." Kensington has developed a ROI calculator to help companies estimate the return on investing in security products. To perform this ROI calculation and determine the real cost of potential notebook computer thefts or losses, please visit www.microsaver.com The Kensington security research was compiled using an online questionnaire completed by 212 respondents from businesses with more than 25 employees across 18 countries, including BT, Barclays and Unilever. Kensington highlighted the issue of laptop security in 199x when it invented the slot that security cable devices are secured to. This ‘Kensington’ slot is now fitted to the majority of laptops and many other devices as standard. Kensington’s MicroSaver security cable is also the patented industry standard. About Kensington Founded in 1981, Kensington markets over 300 computer accessories products under three brand names: Kensington, Gravis and Accodata. Worldwide sales in 1997 were around 0 million. Headquartered in Silicon Valley with 150 employees, Kensington Technology Group is the technology platform for Acco World Corporation, one of the world’s largest office products companies. Kensington’s product portfolio ranges from trackballs and mice to carrying cases, media storage and power protection aimed primarily towards the business user. Its products are available throughout Europe via Acco sales companies in the major European markets. Acco’s European headquarters are based in Sevenoaks, Kent. For more information on the company and its products, visit the web sites: http://www.kensington.com and http://www.acco.co.uk For further information: Laura Scorza/Anya Chambers Banner PR Tel: 020 7349 2200 Acco@b1.com or Rod Whiteman Acco UK Tel: 01296 732323 email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of Banner Corporation plc in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.