The Value of Corporate Data on Mobile Devices is Significantly
Underrated by Enterprise Employees
VANCOUVER, March 5, 2014 /CNW/ - Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and
management solutions for computers, laptops, tablets, and smartphones,
today announced the results of the 2013 Mobile Enterprise Risk Survey. The survey polled workers in companies with 1000 or more employees
who use mobile phones for work within diverse industries, including
banking, retail, healthcare, and energy. The poll focused on the state
of bring-your-own-device (BYOD) policies within these organizations and the current sentiment of
workers regarding responsibility and compliance for corporate data
contained on mobile devices.
Key US findings of the 2013 Mobile Enterprise Risk Survey include:
It's not my problem
When asked about appropriate penalties if they leak or lose company
data, a quarter (25.2 percent) of American enterprise workers surveyed
said there should be no punishment since data security is not their
It's not a big deal
While 75 percent of respondents felt that they should face some penalty
if they lost corporate data, many of those who had lost a device with
work data on it said their punishment ranged from 'nothing' (34
percent) to simply having to replace the device (30 percent) or getting
a 'talking to', but nothing else (21 percent).
I didn't know
About one quarter (23 percent) of respondents indicated that they do not
know their company's procedure for dealing with work device loss or
theft. Also, 10 percent of respondents indicated that their employer is
not looking to introduce a procedure for the loss or theft of work
It can't happen to me again
More than one third (35 percent) of respondents who had lost their
mobile phones stated that they did not change their security habits
It's just a phone
Nearly two thirds (59 percent) of enterprise mobile users estimated
their corporate data to be worth less than $500.
As the use of mobile devices continues to increase in the enterprise,
these survey results indicate IT is still facing many challenges
implementing and enforcing mobile-use guidelines. Although employees
may feel the data on their device is only worth $500, when you consider
that most data breach penalties can range into the millions of dollars,
there's an obvious disconnect between an employee's perception and the
risk to the organization.
"If firms don't set clear policies that reflect the priority of
corporate data security, they can't expect employees to make it a
priority on their own," said Tim Williams, mobile enterprise data
expert and Director, Product Management at Absolute Software.
The lax attitude of workers towards securing mobile devices and the data
they contain, even after device loss or theft, places enterprises and
their sensitive data in a vulnerable position.
"The data may be carried around in the employee's pocket, but the half
million dollar fines we've seen levied due to data loss come out of the
company's pocket," said Williams. "Clear policies, properly articulated
to employees, will ensure that the entire company, not just IT, unites
against mobile data loss."
For a complete report on the findings of Absolute Software's Mobile
Enterprise Risk Survey, please visit: http://www.absolute.com/en/resources/research/mobile-enterprise-risk-us
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the industry standard in
persistent endpoint security and management for computers, laptops,
tablets and smartphones. The Company, a leader in device security and
management tracking for 20 years, has over 30,000 commercial customers
worldwide. Absolute's solutions - Computrace®, Absolute Manage®,
Absolute Service, Absolute Secure Drive, and Absolute LoJack® - provide
organizations with actionable intelligence to prove compliance,
securely manage BYOD, and deliver comprehensive visibility and control
over all of their devices and data. Absolute is positioned on two
Gartner, Inc. Magic Quadrants - the Magic Quadrant for Client
Management Tools and the Magic Quadrant for Mobile Device Management
Software. Absolute is one of only four vendors to be recognized on both
Magic Quadrants based on providing customers with the ability to secure
and manage many different types of devices using a single solution.
Absolute persistence technology is embedded in the firmware of
computers, netbooks, tablets and smartphones by global leaders,
including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Motion, Panasonic,
Samsung, and Toshiba, and the Company has reselling partnerships with
these OEMs and others, including Apple. For more information about
Absolute Software, visit www.absolute.com.
From November 15 to 29, 2013, Vision Critical conducted an online survey
among 750 randomly selected US adults age 18+ who have a mobile phone
for work, and work for a company with 1000 employees or more.
This press release contains forward-looking statements that involve
risks and uncertainties. These forward-looking statements relate to,
among other things, the expected performance, functionality and
availability of our services and products, and other expectations,
intentions and plans contained in this press release that are not
historical fact. When used in this press release, the words "plan,"
"expect," "believe," and similar expressions generally identify
forward-looking statements. These statements reflect our current
expectations. They are subject to a number of risks and uncertainties,
including, but not limited to, changes in technology and general market
conditions. In light of the many risks and uncertainties you should
understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.
Furthermore, the forward-looking statements contained in this press
release are made as at the date hereof and the Company does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by
applicable securities laws.
©2014 Absolute Software Corporation. All rights reserved. Computrace and
Absolute are registered trademarks of Absolute Software Corporation.
LoJack is a registered trademark of LoJack Corporation, used under
license by Absolute Software Corporation. LoJack Corporation is not
responsible for any content herein. U.S. patents No. 5,715,174, No.
5,764,892, No. 5,802,280, No. 5,896,497, No. 6,087,937, No. 6,244,758,
No. 6,269,392, No. 6,300,863, No. 6,507,914, No. 7,818,557, No.
7,818,803, No. 7,945,709, No. 8,062,380, No. 8,234,359, No. 8,241,369,
No. 8,307,055, No. 8,332,953, No. 8,346,234, No. 8,362,901, No.
8,418,226, No. 8,419,806, No. 8,441,348, No. 8,510,825, No. 8,556,991,
No. 8,566,961 and No. 8,606,971. Canadian patents No. 2,211,735, No.
2,284,806, No. 2,205,370, No. 2,771,208 and No. 2,733,222. U.K. patents
No. EP0793823, No. GB2298302, and No. GB2338101. German patent No.
69512534. Australian patent No. 699045. Japanese patents No. 4067035,
No. 5220924 and No. 5363305. Mexican patents No. 297,406 and No.
306,287. Russian patent No. 2,460,220. The Toronto Stock Exchange has
neither approved nor disapproved of the information contained in this
SOURCE: Absolute Software Corporation
For further information:
Caitlin Regan, HORN Group
firstname.lastname@example.org or 415.905.4008
Marina Guy, Absolute Software
email@example.com or 604.730.9851 x107
Dave Mason, CFA, TMX|Equicom
firstname.lastname@example.org or 416.815.0700 x237