Lost or stolen phones during Olympics could reach 67,000

The thought of losing one’s cell phone can be devastating. As the small devices can handle more complex tasks such as work-related applications and business contacts, they are becoming relied upon by professionals in the corporate world. When bring your own device (BYOD) policies enter the picture, misplacing a smartphone with critical and confidential business information on it means much more dread for end users. Of course it can always be worse – try multiplying that “lost phone” anxiety by 67,000.

A new survey by encryption company Venafi, predicts that as the number of mobile phones that will be lost or stolen during the Olympics in London. With the rate that smartphones and BYOD strategies have been implemented, security experts predict that could be up to 214.4 terabytes – or 200 million books – worth of potentially sensitive data compromised.

A new blog post from That VAR Guy writer Elliot Markowitz says that even though other needs like cloud services, mobile device integration and social media may be grabbing the headlines, network security is what causes CIOs to stay awake at night.

“Security is the underlying IT spending concern across all corporations, regardless of size and industry,” wrote Markowitz. “And that is not going to change anytime soon.”

Businesses in Chicago may not need to worry about a spike in lost or stolen phones after losing out on the 2016 games. However, an employee misplacing even one device can be a disaster. By partnering with an experience consultant like CTI Technology, any company can receive an in-depth security audit and disaster recovery plan.

A new survey by encryption company Venafi, predicts that as the number of mobile phones that will be lost or stolen during the Olympics in London.