Identity Theft Expert and MyLaptopGPS Note That Rise in Security Technology Spending Needs to Encompass Laptop Computers

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(BOSTON, Mass. – March 13, 2009 – IDTheftSecurity.com) Research announced in March shows that IT spending on so-called Identity and Access Management (IAM) technologies is set to grow at a compound annual growth rate of nearly 30 percent. Widely televised and quoted personal security and identity theft expert Robert Siciliano observed that this IAM spending needs to encompass the security of portable computing assets. He directed organizations of all kinds to laptop tracking and data retrieval technology from laptop computer security firm MyLaptopGPS.

“Perhaps the easiest point of entry for identity thieves seeking to steal information is the mobile computing device,” said Siciliano. “Typically a cinch to steal, laptop computers are often home to valuable data. IT departments concerned with managing identities and access on their systems are therefore remiss to neglect their fleets of mobile computing equipment; smart organizations in fact restrict the use of their laptops — and track them.”

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.

IAM known as “provisioning” recently accounted for approximately 60 percent of global IAM market revenue, according to a press announcement regarding an associated report by the industry research firm RNCOS. User provisioning, as defined by RNCOS, is a type of identity management software whereby users may be represented by multiple objects on multiple systems in a computer database.

This projected increase in IAM spending is in response to rising concern over identity theft and data breaches, RNCOS noted. For instance, during the six months immediately preceded February of 2009, the illegal trade of personal information in online chat rooms increased by approximately 25 percent, according to research from Affinion Security Center, whose press announcement noted a 50 percent year-over-year increase in identity theft complaints reported to the Federal Trade Commission in 2008.

“With an explosion in the use of mobile computing devices, sensitive data is bound to find its way onto them,” said MyLaptopGPS’ chief technology officer, Dan Yost, who invited readers to visit the MyLaptopGPS blog. “In other words, the spike in identity theft only makes sense. But the reality must change, and simple measures for laptop computer security can slow, even reverse, the trend.”

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. 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 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.

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.

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About MyLaptopGPS

Celebrating 25 years in business, Tri-8, Inc. (DBA MyLaptopGPS.com) has specialized in complete system integration since its founding in 1984. 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.

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

http://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

http://www.idtheftsecurity.com

Brent 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

Recession Turns IT Workers Into Hackers

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Robert Siciliano Identity Theft Expert

What a nasty headline for an article.

From ABCnews.com the journalist roasts IT professionals on a spit. And the comments were all inspiring.

As the recession rears its ugly head, disgruntled ex employees are in the best position to drop a bomb in the companies network or suck all the data out with a few terabyte drives.

A recent study by McAfee and Purdue University put the tally of fraud, data loss and damage done at 1 trillion dollars. A thousand billion sounds like a lot of money.

To paraphrase some of the comments;

No matter how you look at it, when heads start to roll, most people that are about to be let go feel unjust and express hostility towards the employer (often, rightly so). These are the same people who were loyal company employees for years. Unfortunately, these are no win-win situations when it comes to the downsizing and companies should take proper actions to address it.

Your system admin is the gate keeper. Anyone who has access to sensitive data can potentially abuse the privilege. The loan officer, the loan processor, the secretary, the human resources gal two cubes down the hall, the cleaning people that take out our trash at night… Without proper controls in place anybody can be the bad guy. On the other hand, with adequate management these issues can be avoided, even when it comes to IT employees.

Manage your end points, your USB devices, your computer ports, your printers… Segregate your system administration roles. Tools are there. And who is going to implement them? Your IT guy. (thank you Sashimi11)

With the incredible amount of layoffs occurring, companies are bound to layoff an employee who will exact some revenge. Some say “Companies whose knee-jerk response is to cut costs by canning employees deserve some wrath”. But, in the end, the wrath doesn’t get you your job back. (thank you Patches777)

Most are working individuals, doing what they do best. All the while staying under the radar, and afraid, just like everyone else, of the threat of layoffs. The latter doesn’t mean an internal flip is switched and they bug out and start stealing trade secrets. (thank you kyleratliff)

On another note, as budgets are cut and IT pros are let go, the show must go on.

Bill Lynch of RazorThreat said to me “We are encountering lots of very frustrated CIO’s who are caught on the horns of a dilemma…their IT budgets and headcount are being slashed but their CEO’s are simultaneously demanding that they reassure them and the Board of Directors that they are not vulnerable to the same kinds of cyber attacks that have plagued some big firms lately.

They know they cannot afford to buy complex, expensive and difficult to deploy new security software and the people to manage them and yet they have to stand before the Board and profess that their networks are secure”.

The fact is, data breaches will continue and IT will often be to blame. There is a light at the end of the tunnel. There are numerous technologies that won’t break the bank and will keep the BOD happy. Companies have to consider numerous threats of theft and mayhem. Review security policies and who has access to what and why. In the end make sure employees are let go with dignity and respect.

Robert Siciliano Identity Theft Speaker discussing Credit Card Fraud Here