Full Disk Encryption Benefits far Exceed Cost According to Study by Ponemon Institute

Full Disk Encryption Benefits far Exceed Cost According to Study by Ponemon Institute PR Newswire MISSISSAUGA, Ontario, July 17, 2012 MISSISSAUGA, Ontario, July 17, 2012 /PRNewswire/ -- WinMagic-sponsored study examined Total Cost of Ownership for full disk encryption for businesses around the world WinMagic Inc., the global innovator in full disk encryption, along with the Ponemon Institute today announced the results of the first ever survey looking into the total cost of ownership of full disk encryption. Key findings in the study (The True Cost for Full Disk Encryption) revealed that when compared to the potential damage caused by data disclosure, the cost of encryption is a fraction of the value it provides to businesses around the world. The purpose of the study was to learn how organizations are deploying software and hardware full disk encryption solutions for desktop and laptop computers as well as the determination of total cost and benefits for organizations. The Ponemon Institute surveyed 1,335 individuals in IT and IT security in four separate country samples: the United States (US), United Kingdom (UK), Germany (DE) and Japan (JP) representing a variety of industry sectors. "WinMagic has long held the belief that innovative features can help to significantly reduce the cost of deploying and operating full disk encryption, while optimizing compliance and user satisfaction," said Garry McCracken, VP Technology Parnerships at WinMagic Inc.