Identity Theft Expert and MyLaptopGPS: Reports of Agreed-to Payout to Veterans Shows How Costly Laptop Theft Can Be

(BOSTON, Mass. – Jan. 30, 2009 – IDTheftSecurity.com) Recent reports indicated that the U.S. Veterans Affairs Department has agreed to pay $20 million in damages to the 26.5 million veterans and active-duty troops whose identifying information may have been on a laptop computer and external hard drive stolen from this government agency in 2006. Widely televised and quoted personal security and identity theft expert Robert Siciliano noted that the news showed how costly laptop theft can be. He advised organizations of all kinds to invest in the far more affordable alternative: laptop tracking and data retrieval technology from MyLaptopGPS.

"Millions of lost data records can equal millions of dollars in damages," said Siciliano. "Contrast this with the fact that it costs very little to equip laptop computers with security technology — simple, responsible measures designed to protect consumers’ data and organizations’ bottom line all of a sudden make lots of sense."

CEO of IDTheftSecurity.com and a member of the Bank Fraud & IT Security Report‘s editorial board, Siciliano leads Fortune 500 companies and their clients through presentations that explore security solutions for businesses and individuals. Author of "The Safety Minute: 01" and a longtime identity theft speaker, he has discussed data security and consumer protection on CNBC, NBC’s "Today Show," FOX News Network, and elsewhere.

On Jan. 28, the Boston Globe reported on a multimillion-dollar agreement that the U.S. Veterans Affairs Department apparently made to recompense the many millions of veterans and active-duty troops whose identifying information may have been on a laptop computer and external hard drive stolen from this government agency in 2006. The lost data included names, birth dates, and Social Security numbers, thus placing an unknown number of these 26.5 million veterans and active-duty troops at risk of identity theft and fraud. Reports indicated that the laptop was later recovered.

"In this case and in so many others, the key is to install technology that acts as a laptop theft deterrent," said MyLaptopGPS’ chief technology officer, Dan Yost, who invited readers to visit the MyLaptopGPS blog to discuss the VA laptop theft. "MyLaptopGPS deters thieves from stealing a mobile computing device in the first place. In the event that a theft does occur, MyLaptopGPS’ robust technology enables a laptop’s owner to retrieve and delete data on the machine — even while the computer is in the thief’s possession."

The theft rate for laptop computers equipped with MyLaptopGPS is just 0.4 percent, or 32 times lower than the average. Additionally, Yost pointed to SafeRegistry™, a comprehensive system from MyLaptopGPS for inventorying entire fleets of mobile computers, as well as a full line of highly renowned SafeTags™, which are police-traceable property tags designed to secure iPods™, cell phones, BlackBerry™ devices and other mobile property.

Yost’s expertise has been featured twice in CXO Europe. Furthermore, in December of 2008, he and Siciliano co-delivered a presentation titled "Information in the Modern Age: Maintaining Privacy in an Era of Medical Record Identity Theft" at the 4th Annual World Healthcare Innovation & Technology Congress in Washington, D.C., where Former U.S. Congressman Newt Gingrich delivered the keynote address.

Readers who belong to LinkedIn® are encouraged to join the MyLaptopGPS group there. Featured in Inc. Magazine and TechRepublic, MyLaptopGPS maintains the Realtime Estimated Damage Index (REDI™), a running tally of highly publicized laptop and desktop computer thefts and losses and these losses’ associated costs. A log of these high-profile laptop thefts is available at MyLaptopGPS’ website.

Readers may download a demo of MyLaptopGPS. A white paper is also available.

MyLaptopGPS combines Internet-based GPS tracking with other functionalities to secure mobile computing devices. A user launches MyLaptopGPS’ features remotely, protecting data even while the machine is in a criminal’s hands. Once connected to the Internet, the software silently retrieves and then deletes files from machines as it tracks the stolen or missing hardware — at once returning the data to its rightful owner and removing it from the lost mobile computing device.

The YouTube video below shows Siciliano on a local FOX News affiliate discussing the importance of securing mobile computing devices on college campuses, where laptop theft can run rampant. To learn more about identity theft, a major concern for anyone who’s lost a laptop computer or other mobile computing device to thieves, readers may go to video of Siciliano at VideoJug.

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About MyLaptopGPS

Since 1984, Tri-8, Inc. (DBA MyLaptopGPS.com) has specialized in complete system integration. From real-time electronic payment processing software to renowned mid-market ERP implementations, the executive team at MyLaptopGPS has been serving leading enterprises and implementing world-class data systems that simply work. With MyLaptopGPS™, Tri-8, Inc. brings a level of expertise, dedication, knowledge and service that is unmatched. MyLaptopGPS™’s rock-solid performance, security, and reliability flow directly from the company’s commitment to top-notch software products and services for almost 25 years.

About IDTheftSecurity.com

Identity theft affects us all, and Robert Siciliano, CEO of IDTheftSecurity.com and member of the Bank Fraud & IT Security Report‘s editorial board, makes it his mission to educate Fortune 500 companies and their clients. A leader of personal safety and security seminars nationwide, Siciliano has been featured on "The Today Show," CNN, MSNBC, CNBC, "FOX News," "The Suze Orman Show," "The Montel Williams Show," "Maury Povich," "Sally Jesse Raphael," "The Howard Stern Show," and "Inside Edition." Numerous magazines, print news outlets, and wire services have turned to him, as well, for expert commentary on personal security and identity theft. These include Forbes, USA Today, Entrepreneur, Woman’s Day, Mademoiselle, Good Housekeeping, The New York Times, Los Angeles Times, Washington Times, The Washington Post, Chicago Tribune, United Press International, Reuters, and others. For more information, visit Siciliano’s Web site, blog, and YouTube page.

The media are encouraged to get in touch with any of the following individuals:

John Dunivan
MyLaptopGPS Media Relations
PHONE: (405) 747-6654 (direct line)
jd@MyLaptopGPS.com
www.MyLaptopGPS.com

Robert Siciliano, Personal Security Expert
CEO of IDTheftSecurity.com
PHONE: 888-SICILIANO (742-4542)
FAX: 877-2-FAX-NOW (232-9669)
Robert@IDTheftSecurity.com
www.idtheftsecurity.com

Brent W. Skinner
President & CEO of STETrevisions
PHONE: 617-875-4859
FAX: 866-663-6557
BrentSkinner@STETrevisions.com
http://www.STETrevisions.com
http://www.brentskinner.blogspot.com