Chip Shot: Laptop Loss Just as Bad in Europe

More than 72,000 laptops were lost by 275 organizations in Europe in the last year, costing the organizations €1.29 billion, or $1.79 billion, according to a new study from Intel and the Ponemon Institute. Nearly half of the laptops disappeared while being used away from the office and were most commonly lost while in-transit. Perhaps most frightening was the finding that 31 percent of lost laptops contained non-encrypted confidential data. The results are similar to a 2010 study commissioned by Intel and the Ponemon Institute to determine the financial implications of laptop loss in the U.S.