A study commissioned by Intel from the Ponemon Institute claims over 70,000 laptops are stolen in Europe every year, resulting in an annual loss of 1.29 billion EUR for European companies.
The study covered 275 organizations in Europe and concluded that 72,789 laptops went missing in action over a 12-month period. However, the actual damage of each lost laptop is not merely the cost of getting a replacement unit. Many laptops contained confidential information, personal data and most of them were lost out of the workplace. The majority were lost in hotels or during travel, 13 percent were lost in the workplace, while another 13 percent of employees simply had no clue where they lost them. Fewer than one in ten laptops were recovered.
This amounts to a lot of lost wages, delays, failed business trips and sleepless nights for the employees, resulting in a cumulative loss of €35,284 per laptop. Clearly, the actual cost of the hardware is negligible in the big scheme of things and the surveyed organizations lost €1.29 to petty thieves and careless employees. A similar survey conducted stateside found that US businesses lost $2.1 billion on lost laptops each year.