Clients can also, if they choose,Ībsolute has taken off over the past two years thanks to deals it has cut with top PC makers like Dell ( Charts), HP ( Charts), Fujitsu, Lenovo and Gateway ( Charts) to embed Computrace in the so-called BIOS on millions of computers.
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When the stolen computer connects to the Internet, theĬomputrace software provides its location to Absolute's 12-person recovery team, which then works with local law enforcement to recover the PC. Here's how Computrace works: If a PC is stolen, clients dial an 800 number or report the theft to Absolute via the Internet. Founded 12 years ago, Computrace today protects over 800,000 computers and has helped everyone from San Francisco high school students to global accounting firms toĬanadian oilfield equipment suppliers retrieve stolen or waylaid PCs.
One security tool that's becoming as ubiquitous as bike locks on city streets is Computrace laptop recovery and tracking software, made by a company out of Vancouver called Absolute Researchers In-Stat plan to purchase "security appliances" to replace out-of-date equipment, up from 22 percent in 2004. And 52 percent of respondents to a 2005 survey from market Security budgets are expected to grow 4.5 percent in 2006, and will continue to grow "aggressively" through 2008. A survey of corporate CIOs from analysts at Gartner found that information To ward off the threat, companies large and small are beefing up spending on a host of security systems. In fact, 47 percent of computer security professionals surveyed recently by the Computer Security Institute and the FBI reported a laptop theft Over half a million laptops are stolen each year, and very few areĮver recovered, according to the FBI.
With laptops now capable of storing massive amounts of data, it's no surprise that they're increasingly targeted.
Ford, AIG and Ameriprise Financial have also suffered similar fates.
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Laptop chock full of data on Fidelity Investments' clients was reported stolen. Starbucks ( Charts) is not alone In May, aĭepartment of Veterans Affairs data analyst's laptop containing confidential info on 26.5 million veterans, military personnel and their spouses was swiped. Headquarters, the latte purveyor joined a growing list of well-known organizations that have suffered an embarrassing, and potentially costly, computer security breach. NEW YORK (Fortune) - When Starbucks announced late last week that two laptops - each containing personal data on thousands of employees - had gone missing from its Seattle
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