Identity Theft Expert and MyLaptopGPS: Recessionary Economic Circumstances Can Greatly Increase Effects of Laptop Computer Theft

(BOSTON, Mass. – March 2, 2009 – Amid conflicting research and predictions about the likelihood that organizations will invest in security technology this year, laptop computer security firm MyLaptopGPS today noted that the loss to thieves of mobile computing equipment can be financially catastrophic in a recessionary economy. Widely televised and quoted personal security and identity theft expert Robert Siciliano encouraged organizations everywhere to invest in MyLaptopGPS’ laptop GPS and data retrieval technology; such action can shield their budgets from the financial fallout that typically follows laptop theft.

“Recessions have a way of prompting action that will ultimately save money,” said Siciliano. “Paying attention to computer security and taking simple steps to improve it, such as employing a laptop GPS tool, are among the few activities that can truly deliver a return on investment in this regard. Just as smart organizations always tend to the security of their computer networks and mobile computing assets, the smartest organizations invest in these areas during economic downturns and thus avoid the financial catastrophe that data breaches not only bring, but also amplify when economic conditions are bad.”

CEO of 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.

Several factors not only exacerbate the pain of laptop theft during a recession, but also in fact might be causes. On Feb. 5, for instance, Forrester Research’s Theanalystview predicted that companies experiencing layoffs this year will want to invest in technology designed to secure or recover data-housing computer assets — any number of which can go missing along with the disgruntled former employees who still have access to them.

Even so, at least one industry sector is seeing cutbacks in security spending: “64 percent of retailers have cut security projects as a result of the economic downturn, and 36% expect budget cuts next year,” according to a Feb. 27th report by ComputerWeekly, which cited a recent Consumer Business Security Survey from Deloitte.

“In a recession, it’s all the more damaging to experience a several hundred thousand dollar data breach,” said MyLaptopGPS’ chief technology officer, Dan Yost, who invited readers to visit the MyLaptopGPS blog. “During economic downturns, organizations must very carefully nurture and protect what they already have because they just don’t have the resources to go out and invest in new computer equipment. This is where an incredibly low theft rate comes in handy — and saves money.”

The rate of laptop theft for computers equipped with MyLaptopGPS’ Internet-based laptop GPS tool 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. They also have the opportunity to read one of two reports tailored to the type of organization they run.

MyLaptopGPS combines Internet-based laptop 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 employs laptop GPS to silently retrieve and then delete 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.

YouTube video 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.


About MyLaptopGPS

Since 1984, Tri-8, Inc. (DBA 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’ rock-solid performance, security, and reliability flow directly from the company’s commitment to top-notch software products and services for 25 years.


Identity theft affects us all. Robert Siciliano, CEO of and member of the Bank Fraud & IT Security Report‘s editorial board, makes it his mission to provide consumer education solutions on identity theft to 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 Editio
n.” 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.

Visit Siciliano’s Web site, YouTube page, and blog.

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)

Robert Siciliano, Personal Security Expert
CEO of
PHONE: 888-SICILIANO (742-4542)
FAX: 877-2-FAX-NOW (232-9669)

Brent Skinner
President & CEO of STETrevisions
Zoominfo profile
LinkedIn profile
Brent Skinner’s Blog
PHONE: 617-875-4859
FAX: 866-663-6557

Keyword Tags:
identity theft, laptop gps, laptop theft

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