The Enterprise Security Supersite NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home Network Security Viruses & Malware Cybercrime Security Solutions More Topics...
Build Apps 5x Faster
For Half the Cost Enterprise Cloud Computing
On Force.com
You are here: Home / Mobile Security / 2011 Bill for Lost Phones: $30 Billion
DDoS Protection Powered By Verisign
Bill for Lost Cell Phones was $30 Billion in 2011, Study Finds
Bill for Lost Cell Phones was $30 Billion in 2011, Study Finds
By Jennifer LeClaire / Enterprise Security Today Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
MARCH
23
2012


Have you ever lost a cell phone? You are not alone. In 2011, U.S. consumers lost more than $30 billion worth of cell phones, according to mobile security provider Lookout.

Lookout just released the findings of its first-ever phone loss study. And the results are disturbing for enterprises concerned about mobile security. Lost phones, if unrecovered, could cost U.S. consumers more than $30 billion in 2012.

"Each day, $7 million worth of phones are lost by Lookout users alone, and if unrecovered, it would take a significant toll not only on our wallets, but on our psyche too," said Kevin Mahaffey, co-founder and CTO Lookout. "Safeguarding your smartphone starts with protecting it from the number one risk you face -- losing it."

Mobile Device Management?

Based on more than 15 million users, Lookout's analysis found that demographics and behavior are the largest factors influencing phone loss. Over the course of 2011, Lookout located 9 million lost smartphones, which equals one phone every 3.5 seconds. In total, Lookout found that U.S. consumers lose their phone about once a year. If unrecovered, that could cost every smartphone owner more than $250 a year each.

"The concept of Mobile Device Management is inherently flawed. I am not controlling the device. What I need to do is put a container out there that's encrypted, stuff everything in it and if it gets lost make sure there are no authentication credentials in it that can penetrate the container. Erase the container and it all goes," said Michael Disabato, managing vice president of network and telecom at Gartner.

"If it's a BYOD all you are touching is the container and you get rid of all the enterprise information leaving the employee's information alone. If the phone gets stolen, you can then do a device reset and erase everything and give employees some peace of mind that everything is gone. So the whole concept is managing the data and it doesn't matter who owns the device."

3 Billion More Mobile Devices Coming

Infonetics forecasts that more than 3 billion new mobile devices -- smartphones and tablets -- will ship between 2011 and 2015, and these devices are truly changing the way people work, and blurring the lines between personal and corporate assets.

"A new wave of mobile devices are being connected to corporate networks, like it or not, and many companies are embracing BYOD (bring your own device) strategies to decrease capital cost and increase productivity," says Jeff Wilson, principal analyst for security atInfonetics Research.

"The enterprise mobile device security market is poised to explode for one simple reason: all over the world, employees are replacing desktops and laptops with smartphones and tablets, and IT departments are scrambling to connect those devices and then protect them. Success selling security solutions in this space is really about two things: allowing an IT department to connect all the devices they want or need to connect, and providing a consistent level of security policy and enforcement for all those devices."

Tell Us What You Think
Comment:

Name:

enhompe:

Posted: 2012-03-26 @ 12:56pm PT
Why aren't the carriers themselves helping victims recover their phones?

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.
MORE IN MOBILE SECURITY
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dairy Queen Latest Retailer To Report Hack
Known for its hot fries and soft-serve ice cream, Dairy Queen just made cyber history as the latest victim of a hack attack. The fast food chain said that customer data at some stores may be at risk.
 
Lessons from the JPMorgan Chase Cyberattack
JPMorgan Chase is investigating a likely cyberattack. The banking giant is cooperating with law enforcement, including the FBI, to understand what data hackers may have obtained.
 
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 

Enterprise Hardware Spotlight
Intel Intros Lightning-Fast PC Processors
Call it extreme. Intel just took the covers off its first-ever eight-core desktop processor, which is aimed at hardcore power users who expect more than the status quo from their computers.
 
HP Previews ProLiant Gen9 Data Center Servers
Because traditional data center and server architectures are “constraints” on businesses, HP is releasing new servers aimed at faster, simpler and more cost-effective delivery of computing services.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 

Mobile Technology Spotlight
Samsung Maps Its Way with Nokia's 'Here' App for Galaxy Phones
Korean electronics giant Samsung has opted to license Here, Nokia’s mapping app -- formerly known as Nokia Maps -- for its Tizen-powered smart devices and Samsung Gear S wearable.
 
Will iPhone Finally Catch Up with NFC Mobile Payment Ability?
Apple's latest version of the iPhone may have a mobile wallet to pay for purchases with a tap of the phone. The iPhone 6 reportedly is equipped with near-field communication (NFC) technology.
 
Visual Search To Shop: Gimmick or Game Changing?
Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.
 

Navigation
Enterprise Security Today
Home/Top News | Network Security | Viruses & Malware | Cybercrime | Security Solutions | Mobile Security | Disaster Recovery | Windows Security
Data Security | EST Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.