{"id":839956,"date":"2025-04-22T08:23:57","date_gmt":"2025-04-22T12:23:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/study-highlights-prevalence-of-device-theft-and-the-impacts-on-businesses-in-u-s-and-europe\/"},"modified":"2025-04-22T08:23:57","modified_gmt":"2025-04-22T12:23:57","slug":"study-highlights-prevalence-of-device-theft-and-the-impacts-on-businesses-in-u-s-and-europe","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/study-highlights-prevalence-of-device-theft-and-the-impacts-on-businesses-in-u-s-and-europe\/","title":{"rendered":"Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe<\/b><\/p>\n<p class=\"bwalignc\"><i>Survey of 1,000 IT Decision Makers Finds that Security Locks are Cost-Effective Solutions for Securing Devices and Mitigating Potential Data Breaches<\/i><\/p>\n<p>BURLINGAME, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nA recent survey of IT decision-makers in the U.S. and Europe found that 76% have been impacted by incidents of device theft in the past two years. The study, which was conducted by market research firm, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.vansonbourne.com%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=Vanson+Bourne&amp;index=1&amp;md5=699e894c42aa5b1c72b84ed5164c85b5\">Vanson Bourne<\/a>, on the behalf of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.kensington.com%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=Kensington&amp;index=2&amp;md5=f588516a4c76dc2c45a577f962b42441\">Kensington<\/a>, a worldwide leader of desktop computing and mobility solutions for IT, business, and home office professionals, highlighted the impacts on the business operations caused by the device thefts and resulting data breaches.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250422442481\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250422442481\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250422442481\/en\/2443455\/4\/k25-4414-SecurityCampaign-1920x1080.jpg\" alt=\"A recent survey of IT decision-makers in the U.S. and Europe, conducted on behalf of Kensington by market research firm Vanson Bourne, found that 76% of respondents have been impacted by incidents of device theft in the past two years. These thefts resulted in significant financial and productivity impacts on their organizations.\" \/><\/p>\n<p style=\"font-size:85%\">A recent survey of IT decision-makers in the U.S. and Europe, conducted on behalf of Kensington by market research firm Vanson Bourne, found that 76% of respondents have been impacted by incidents of device theft in the past two years. These thefts resulted in significant financial and productivity impacts on their organizations.<\/p>\n<\/div>\n<p>\nThe study, which surveyed 1,000 IT decision-makers representing a variety of industries, revealed that device thefts resulted in significant financial and productivity impacts on their organizations:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\n30% reported increased insurance costs due to repeated device theft;\n<\/li>\n<li>\n33% were subjected to legal or regulatory consequences due to compromised data;\n<\/li>\n<li>\n30% suffered financial losses due to the need to replace devices;\n<\/li>\n<li>\n32% reported disruption to employee productivity.\n<\/li>\n<\/ul>\n<p>\nData breaches emerged as the top concern in the study with 46% of the participants reporting they have experienced a data breach as a direct consequence of an unsecured device. According to the IBM <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ibm.com%2Freports%2Fdata-breach&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=Cost+of+a+Data+Breach+Report+2024&amp;index=3&amp;md5=267d9c366242068632b50b661c7349de\">Cost of a Data Breach Report 2024<\/a>, the global average cost of a data breach is $4.88 million USD, up 10% from 2023. In organizations that reported experiencing a data breach or loss of sensitive data in their organizations due to an unsecured device, 60% of the organizations were not using security locks, compared to 38% who were.\n<\/p>\n<p>\nWhile the study found that data breaches resulting from stolen or unsecured devices, such as laptops, desktops, tablets, and external storage devices, were the most concerning vulnerabilities to senior IT decision-makers, data loss resulting from insufficient digital security measures was also of concern:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\n43% expressed concern about unauthorized access to company data on devices;\n<\/li>\n<li>\n23% worry about visual hacking (i.e. sensitive information being viewed in public spaces);\n<\/li>\n<li>\n22% stated concern about the loss of sensitive data due to insecure home networks.\n<\/li>\n<\/ul>\n<p>\nNearly all survey participants (97%) recognize the critical role physical security locks play in helping to prevent the theft of devices and the unauthorized access that often results. With the adoption of flexible working models by organizations of all sizes, devices are increasingly exposed to theft and accidental exposure as workspaces have moved from controlled office environments to home offices and public spaces.\n<\/p>\n<p>\nThe whitepaper detailing the results of the study, titled \u201cSecure Your Device, Protect Your Data,\u201d and information about Kensington\u2019s extensive portfolio of security solutions is available on the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kensington.com%2Fsolutions%2Fproduct-category%2Fsecurity%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=Kensington+website&amp;index=4&amp;md5=c21214d9528e478c19b17969cef0f5f5\">Kensington website<\/a>.\n<\/p>\n<p><b>Resources:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kensington.com%2Fsolutions%2Fproduct-category%2Fsecurity%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=Landing+Page&amp;index=5&amp;md5=7f7a258868de51a9598cd761dbc26a8b\">Landing Page<\/a><\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fmedia.accobrandspartner.com%2Fa%2F561943&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=Infographic&amp;index=6&amp;md5=151e27c5e7ae91abd2d57f342e3c84f2\">Infographic<\/a><\/li>\n<\/ul>\n<p><b>Follow Kensington on:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nInstagram: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fkensington_tech%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=Instagram.com%2FKensington_tech&amp;index=7&amp;md5=3314db765a9b629f2bcd74c8e270a90d\">Instagram.com\/Kensington_tech<\/a><\/li>\n<li>\nFacebook: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FKensingtonTech%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=facebook.com%2FKensingtonTech&amp;index=8&amp;md5=f7d7c8e4eaa0dc5da8edd788864791de\">facebook.com\/KensingtonTech<\/a><\/li>\n<li>\nLinkedIn: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F7316%3Ftrk%3Dtyah%26trkInfo%3DclickedVertical%253Acompany%252CclickedEntityId%253A7316%252Cidx%253A2-1-4%252CtarId%253A1439411232632%252Ctas%253Akensington&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=linkedin.com%2Fcompany%2FKensington&amp;index=9&amp;md5=a8ead49ea15453c1673ef386ca3a2397\">linkedin.com\/company\/Kensington<\/a><\/li>\n<li>\nContact us: <a rel=\"nofollow\" href=\"mailto:globalmarketing@Kensington.com\">globalmarketing@Kensington.com<\/a><\/li>\n<\/ul>\n<p><b>About Kensington<\/b><\/p>\n<p>\nKensington is a leading provider of desktop and mobile device accessories, trusted by IT, educators, business, and home office professionals around the world for more than 40 years. Kensington strives to anticipate the needs and challenges of the ever-evolving workplace and craft professional-tier award-winning solutions for organizations committed to providing peak professionals the tools they need to thrive. The company prides itself as the professionals\u2019 choice, and on its core values surrounding design, quality and support.\n<\/p>\n<p>\nIn office and mobile environments, Kensington\u2019s extensive portfolio of award-winning products provide trusted <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kensington.com%2Fsolutions%2Fproduct-category%2Fsecurity%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=security&amp;index=10&amp;md5=80e3b6b941aa01c8f6bde0bf324decf1\">security<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kensington.com%2Fsolutions%2Fproduct-category%2Fdocking-stations%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=desktop+productivity&amp;index=11&amp;md5=12990cb978edc2daf0ff8ca9d3309ec4\">desktop productivity<\/a> innovations, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kensington.com%2Finnovative-products%2Fprovc%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=professional+video+conferencing&amp;index=12&amp;md5=fe89009db69aff6843a41d81cb3a404e\">professional video conferencing<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kensington.com%2Fsolutions%2Fproduct-category%2Fergonomics-wellness%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=ergonomic&amp;index=13&amp;md5=3aa6081dd4c7eb7188c2d973b8df061b\">ergonomic<\/a> well-being.\n<\/p>\n<p>\nHeadquartered in Burlingame, California, Kensington is the inventor and a worldwide leader in laptop <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kensington.com%2Fsolutions%2Fproduct-category%2Fsecurity%2F&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=security+locks&amp;index=14&amp;md5=37376947c7a409e220312ebd74508da7\">security locks<\/a>. Kensington is a division of ACCO Brands, the Home of Great Brands Built by Great People, which designs, manufactures and markets consumer and end-user products that help people work, learn and play. In addition to Kensington<sup>\u00ae<\/sup>, ACCO Brands\u2019 widely recognized brands include AT-A-GLANCE<sup>\u00ae<\/sup>, Five Star<sup>\u00ae<\/sup>, Leitz<sup>\u00ae<\/sup>, Mead<sup>\u00ae<\/sup>, PowerA<sup>\u00ae<\/sup>, Swingline<sup>\u00ae<\/sup>, Tilibra and many others. More information about ACCO Brands Corporation (NYSE:ACCO) can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.accobrands.com&amp;esheet=54240797&amp;newsitemid=20250422442481&amp;lan=en-US&amp;anchor=www.accobrands.com&amp;index=15&amp;md5=7e1732d23328912313733668d684ae0d\">www.accobrands.com<\/a>.\n<\/p>\n<p>\nKensington<sup>\u00ae<\/sup> is a trademark of ACCO Brands. All other registered and unregistered trademarks are the property of their respective owners.\n<\/p>\n<p>\n\u00a9 2025 Kensington Computer Products Group, a division of ACCO Brands. All rights reserved.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250422442481r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250422442481\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250422442481\/en\/<\/a><\/span><\/p>\n<p><b><span class=\"bwuline\">Media Contact:<\/p>\n<p><\/span><\/b>Ken Hagihara, APR, Fellow PRSA, MCM<br \/>\n<br \/>Integrity Public Relations, Inc.<br \/>\n<br \/>949-768-4423 ext. 101<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ken@integritypr.net\">ken@integritypr.net<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Consumer Electronics Security Technology Mobile\/Wireless Internet Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250422442481\/en\/2443455\/3\/k25-4414-SecurityCampaign-1920x1080.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">A recent survey of IT decision-makers in the U.S. and Europe, conducted on behalf of Kensington by market research firm Vanson Bourne, found that 76% of respondents have been impacted by incidents of device theft in the past two years. These thefts resulted in significant financial and productivity impacts on their organizations.<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250422442481\/en\/2443461\/3\/Device_Theft_PR_Infographic_FINAL_3.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">A recent survey of IT decision-makers in the U.S. and Europe, conducted on behalf of Kensington by market research firm Vanson Bourne, queried respondents about the connection between device theft and data breaches. According to the study, 27% of respondents reported data breaches caused by stolen devices.<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250422442481\/en\/2037516\/3\/Kensington_PRIMARY_Logo_FINAL_Black_Mar2019.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe Survey of 1,000 IT Decision Makers Finds that Security Locks are Cost-Effective Solutions for Securing Devices and Mitigating Potential Data Breaches BURLINGAME, Calif.&#8211;(BUSINESS WIRE)&#8211; A recent survey of IT decision-makers in the U.S. and Europe found that 76% have been impacted by incidents of device theft in the past two years. The study, which was conducted by market research firm, Vanson Bourne, on the behalf of Kensington, a worldwide leader of desktop computing and mobility solutions for IT, business, and home office professionals, highlighted the impacts on the business operations caused by the device thefts and resulting data breaches. This press release features multimedia. View &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/study-highlights-prevalence-of-device-theft-and-the-impacts-on-businesses-in-u-s-and-europe\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-839956","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/study-highlights-prevalence-of-device-theft-and-the-impacts-on-businesses-in-u-s-and-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Study Highlights Prevalence of Device Theft and the Impacts on Businesses in U.S. and Europe Survey of 1,000 IT Decision Makers Finds that Security Locks are Cost-Effective Solutions for Securing Devices and Mitigating Potential Data Breaches BURLINGAME, Calif.&#8211;(BUSINESS WIRE)&#8211; A recent survey of IT decision-makers in the U.S. and Europe found that 76% have been impacted by incidents of device theft in the past two years. The study, which was conducted by market research firm, Vanson Bourne, on the behalf of Kensington, a worldwide leader of desktop computing and mobility solutions for IT, business, and home office professionals, highlighted the impacts on the business operations caused by the device thefts and resulting data breaches. This press release features multimedia. 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