VANCOUVER, Dec. 4 /CNW/ - Absolute(R) Software Corporation ("Absolute" or
the "Company") (TSX: ABT), the leading provider of Firmware-based, patented
Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM)
solutions commissioned Research Concepts LLC to ask 185 members of
NetworkWorld's Technology Opinion Panel about the state of computer and data
security in their organizations. The results revealed that, although computer
and data security are high priorities for corporations, they are nevertheless
unprepared to prevent data breaches and computer theft. Included here are key
findings from the survey. For additional results and a PowerPoint presentation
please visit http://www.absolute.com/survey1107.
Although eight out of 10 (81%) organizations ranked computer and data
security as a high priority, five out of 10 (53%) do not have policies in
place for transporting sensitive files. Four out of ten (42%) do not have data
security policies in place for the use of mobile computing devices. Even when
companies have policies in place, only one out of 100 (1%) employees are
thought to adhere consistently to corporate data and security policies.
Data breaches and computer theft are growing problems in the corporate
world with almost one out of every three (27%) companies reporting data
breaches and more than half of all companies (55%) experiencing laptop thefts.
Worse yet, one out of three (33%) IT managers believe that data breaches and
computer thefts have occurred and gone undetected within their organizations.
According to the IT Managers surveyed, the average cost of a data breach
was estimated to be $137,000. Almost one in 10 (8%) estimated the cost to be
in excess of $1 million dollars. In addition to the hard costs, eight out of
10 (81%) believe that a data breach would cause damage to their reputation or
cause them to lose credibility. More than half (57%) of the respondents
believe that a data breach can lead to loss of revenue, legal expenses and/or
monetary fines. Just under half (44%) of companies believe that they will lose
customers and possibly go out of business (3%) in the wake of a significant
"Despite efforts to implement data security policies, information
breaches and computer theft are rampant in organizations because of the human
element," says John Livingston, Chairman and CEO of Absolute Software. "Many
organizations remain unequipped to protect themselves, their clients and their
employees from potential identity theft. The beauty of Absolute's Computrace
theft recovery and data protection service is that it provides consistent
protection for computers and the sensitive information they often contain
whether end users follow corporate policy or not."
Who is at risk when a data breach occurs? One in five (20%) security
breaches involves customer information, one in five (20%) involves employee
information and one in five (20%) involves social security numbers and/or
Less than one in 10 (8%) companies report using asset tracking and
recovery technology on all of their computers, although one-third (31%) plan
on increasing the use of these types of technologies this year.
On average, survey participants were willing to pay $5,000 to recover a
lost or stolen laptop. However, one in four (24%) would pay $10,000 or more
and one in 20 (6%) would pay $50,000 or more.
Technology That Helps: Computrace From Absolute Software
Computrace from Absolute Software is designed specifically to protect
company computers and the sensitive information they contain. When a
Computrace-equipped computer is reported stolen, the embedded Computrace agent
sends a silent signal to Absolute's Monitoring Center providing critical
location information. Absolute then works with local law enforcement to
recover the computer, and, if necessary, assists with search warrant
applications and subpoenas to ISP's. Using Computrace, IT managers can also
remotely delete information from computers to ensure that it does not fall
into the wrong hands(1). The stealthy Computrace software agent can survive
accidental or deliberate attempts at removal or disablement. Built into the
BIOS(2) of computers from the world's major manufacturers, the Computrace
agent is capable of surviving operating system re-installations, as well as
hard-drive reformats, replacements and re-imaging.
(1) Certain conditions apply. For full details visit:
(2) For a complete list of BIOS-supported computers please visit
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in Computer Theft
Recovery, Data Protection and Secure Asset Tracking(TM) solutions. Absolute
Software provides organizations and consumers with solutions in the areas of
regulatory compliance, data protection and theft recovery. The Company's
Computrace(R) software is embedded in the BIOS of computers by global leaders,
including Dell, Fujitsu, Gateway, HP, Lenovo, Motion, Panasonic and Toshiba,
and the Company has reselling partnerships with these OEMs and others,
including Apple. For more information about Absolute Software and Computrace,
This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among other
things, the expected performance 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
(C)2007 Absolute Software Corporation. All rights reserved. Computrace
and Absolute are registered trademarks of Absolute Software Corporation.
Computrace U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280,
No. 5,896,497, No. 6,244,758, No. 6,269,392, No. 6,300,863, and
No. 6,507,914. Canadian patents No. 2,284,806 and No. 2,205,370.
U.K. patents No. EP793823 and No. GB2338101. German patent
No. 695 125 34.6-08. Australian patent No. 699045. The Toronto Stock
Exchange has neither approved nor disapproved of the information
contained in this news release.
For further information:
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