The "Billion Dollar Lost-Laptop Study" conducted by Intel and the Ponemon institute, reports that more than 300 businesses lost more than 86,000 businesses last year worth a staggering $2.1B.
While 46 percent of the lost laptops contained confidential information, only 30% of those systems were encrypted.
With the new MA Data Protection Law which went into effect March 1, 2010, any personal information stored on a laptop requires encryption. If you're not already compliant with the new law, make it a New Years resolution to get your company laptops encrypted.
A recent article in Inc Magazine covers "What to do when you lose your computer" - must-reading for you and your employees. Proactively encrypting your systems is the BEST protection against loss or theft, and keep in mind that if you carry protected personal information on any MA resident, you would be breaking the law without encryption.