While the article suggests $16 million in losses for unauthorized access and theft for 2006, the actual amount is likely much greater since many violations go unreported. A single violation could easily result in losses of this magnitude when the loss is associated with confidential data from a Fortune 500 company.
While some IT managers circumnavigate this problem by simply isolating critical data and prohibit it from being transferred to mobil devices, this is not a practical solution in todays mobile society.
I protect sensitive information using EncFS, a Linux encrypted virtual file system. EncFS requires a typed password to decrypt (on the fly) certain folders on my laptop. While effective, it is cumbersome and more prone to being compromised than a biometric solution, as found on the Lenovo laptop. With out a doubt this type of technology will be increasingly adopted by IT professionals that need to secure sensitive data.
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