MASSACHUSETTS EXPERT DISCUSSES COMPUTER THEFT AND LEGAL COSTS INVOLVED Identity Theft Expert and Speaker on Personal Security

Identity Theft Expert and Speaker on Personal Security: Potential Legal Costs of Laptop Theft Make Technology Designed to Combat it All the More Attractive

Boston, Mass. 11/30/2007 01:00 AM GMT (TransWorldNews)

(IDTheftSecurity.com) Reports have indicated that physicians and other health officials in the U.K. may be fined for losing laptopcomputers. Robert Siciliano, a widely televised and quoted personal security and identity theft expert, said the development is unsurprising in light of the associated costs of mobile computer theft , but suggested that better responses to the growing, prohibitively costly crime exist. He pointed to MyLaptopGPS™, a high-tech foil to laptop thieves that tracksstolen machines via Internet-based GPS and enables organizations to retrieve and destroy important computer files even as the computers are in criminals' hands.

"A large portion of the financial losses in the wake of laptop thefts is often attributable to legal fees," said Siciliano. "This is especially true if sensitive data is on thestolen machine. And, for some reason, valuable data is often stored on mobile computing devices. It makes sense that governments are taking measures to dissuade the careless use of laptops."

CEO of IDTheftSecurity.com and a member of the Bank Fraud & IT Security Report's editorial board, Siciliano leads Fortune 500 companies and their clients in workshops that explore consumer education solutions for security issues. A longtime identitytheft speaker and author of "The Safety Minute: 01," he has discussed data security and consumer protection on CNBC, on NBC's "Today Show," FOX News, and elsewhere.

According to a Nov. 15th article in Network World, "Doctors and health officials who lose laptops containing patient information could face prosecution under new rules being considered by the U.K. Information Commissioner's Office (ICO)."

Various estimates have underscored the frequency and high potential cost of laptop theft:

• Symantec has found that a laptop computer is stolen every 53 seconds, and that 97 percent of these machines lost to theft are never recovered.

• Research from Gartner Group has shown that the cost of laptop computer theft can exceed $6,000 for even just one machine.

• The Computer Science Institute/FBI Computer Crime & Security Survey has estimated the number to be an average of $89,000 per machine.

• The Annual Computer Crime and Security Survey estimated the average loss to be $250,000 in 2003.

• The Federal Bureau of Investigation has reported that total losses attributable to laptop theft equaled more than $6.7 million dollars in 2005.

Legal liabilities in the wake of data breaches have precedent. In early 2007, a data breach at TJX Companies Inc. affected more than 45 million past customers of the U.S. retailer. Articles that later ran in internetnews.com, the North Andover, Mass.–based Eagle Tribune, and other publications suggested that TJX fielded numerous lawsuits as a result.

"Smart organizations are avoiding the headaches of laptop thefts," said Siciliano. "They're equipping their laptop computers with technology that helps to ensure the retrieval of missing machines and the security of the data on them."

Organizations that need an affordable, simple solution for laptop security may turn to MyLaptopGPS™:

http://www.mylaptopgps.com/

The product combines Internet-based GPS tracking -- which, for tracking and retrieving stolen laptops, is more effective than other forms of GPS -- with other functionalities to secure mobile computing devices. Users launch MyLaptopGPS' features remotely, protecting data even while the machine is in a criminal's hands. Once connected to the Internet, the software silently retrieves, and then deletes, files from machines as it tracks thestolen or missing hardware -- at once returning the data to its rightful owner and removing it from the lost computer.

MyLaptopGPS also offers SafeRegistry™, a comprehensive system for inventorying entire fleets of mobile computers. A downloadable demo of MyLaptopGPS is available:

http://www.mylaptopgps.com/demo

"Robust security for laptop computers makes good business sense," said Dan Yost, chief technology officer at MyLaptopGPS. "Financial and other contingencies that arise from thetheft of even just one laptop computer can be prohibitive. The cost alone of informing those possibly affected can reach into the thousands of dollars. MyLaptopGPS is the logical alternative."

The October 2007 issue of Bank Fraud & IT Security Report, a newsletter published only in hard copy, ran "The Seven Layers of Laptop Security," an article by Siciliano and Yost. A white paper adaptation of that article is available from MyLaptopGPS:

http://mylaptopgps.com/whitepaper_sls.php

Readers may view YouTube video of "NBC 7 Chicago" footage featuring Yost delivering comments for a televised news report that covered the April 2007theft of two laptops that stored 40,000 Chicago Public School teachers' Social Security numbers:

http://www.youtube.com/profile?user=MylaptopGPSdotcom

To learn more about identity theft, a major concern for anyone who has been affected by the theft of a laptop computer, readers may go to video of Siciliano at VideoJug:

http://www.videojug.com/interview/identity-theft-computers-and-laptops

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About MyLaptopGPS
Since 1984, Tri-8, Inc. (DBA MyLaptopGPS.com) has specialized in complete system integration. From real-time electronic payment processing software to renowned mid-market ERP implementations, the executive team at MyLaptopGPS has been serving leading enterprises and implementing world-class data systems that simply work. With MyLaptopGPS™, Tri-8, Inc. brings a level of expertise, dedication, knowledge and service that is unmatched. MyLaptopGPS™'s rock-solid performance, security, and reliability flow directly from the company's commitment to top-notch software products and services for almost 25 years.