Location Of Theft in AQUA BLUE
URL Of Linked Article In STEEL BLUE or GREEN
Full Content Of Article In BLACK
Theft Description In Body Of Article in RED

Wednesday, September 21, 2011


In The Vault

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Businesses Aren’t Prepared For Data Loss After Theft
 Posted on Mon, Sep 19, 2011 @ 09:30 AM

Every day, we at NextVault come across another organization that has suffered a real burn as a result of equipment theft. While business insurance usually covers the replacement of laptops, PC’s and memory sticks, nothing can replace the data that is lost when a theft occurs. Data loss can cripple a business. Imagine not being able to walk in on a Monday morning and get straight to work because all your data is gone and client work has vanished. Where can a business begin from that point?

Data loss opens up compliance issues

Data loss not only disrupts daily business but also can leave the business open to legal issues when compliance legislation is involved. Not being able to produce company records can land a business in hot water, and businesses can be sued for not adequately protecting a client’s data. Are you still willing to take the risks? Check out these statistics:

Laptop theft has led to 59% of the recent hacking attacks on government agencies.
57% of corporate cyber crime has been linked to a stolen laptop
1 in 10 laptops will be stolen before the end of their lifespan
Laptop theft is growing at a rate of over 20% per year
81% of companies report the loss of at least one laptop in every 12 month period
73% of companies do not have specific laptop security policies in place
97% of stolen computer equipment is never recovered

With these statistics in mind, it is clear that computer theft is a serious problem and a massive threat to data security. Once computers are lost or stolen there is little to no chance that it can be recovered and its data is gone forever.

Preserving data after a theft is no problem if businesses take advantage of online backup technology to ensure constant data protection. SaaS data backup ensures that data is automatically backed up and instantly offsite with no responsibility being placed on employees to preserve data.

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