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Missing laptops equal $2B lost each year

Every year the public and private sectors lose $2 billion in missing laptops, according to the Poneman Institute.

A Poneman study found that on average, a single lost laptop will set an organization back close to $50,000. That figure includes the cost to replace the existing laptop, as well as the real costs — forensics, data breach, lost intellectual property costs, lost productivity and legal, consulting and regulatory expenses.

This story is part of Federal News Radio’s daily Cybersecurity Update brought to you by Tripwire. For more cybersecurity news, click here.

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