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Last updated on April 24, 2014 at 1:21 EDT

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

July 17, 2012

WinMagic-sponsored study examined Total Cost of Ownership for full disk
encryption for businesses around the world

MISSISSAUGA, ON, July 17, 2012 /PRNewswire/ – 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. “The study
clearly shows that the investment into a leading encryption solution
such as SecureDoc will pay back in less than a year whereas software
that is bundled with operating systems or Anti-Malware products might
negatively impact the IT budget and user satisfaction.”

Key findings from the study include:

        --  Expected benefits of full disk encryption exceed cost in all
            four countries by a factor ranging from 4 to 20. In the context
            of the research, the primary benefit of full disk encryption is
            a reduction in the probability of having a data breach as a
            result of a lost or stolen desktop or laptop computer.
        --  TCO varies by organizational size: The highest TCO is for
            organizations with fewer than 50 employees ($399) and more than
            25,000 employees ($313). The pure software cost (license and
            maintenance) only represents a small fraction of the total cost
            of FDE encryption solution.
        --  Organizations report that more than one-third of their stolen
            desktops and laptop computers contained unencrypted sensitive
            information.
        --  The most expensive component of TCO concerns the value of user
            and IT department time incurred operating encrypted desktops or
            laptops.

“This study really allowed us to get very granular as it relates to the
optimum use of encryption and understanding the total cost of
ownership. The results clearly show that the benefits for encryption
are extremely compelling” said Dr. Larry Ponemon, Chairman and Founder
of the Ponemon Institute.

Overall, the results demonstrate that the user and IT cost of deploying
and running a full disk encryption solution is much higher than the
pure software cost. This sheds a new light on allegedly “free”
encryption solutions that come with operating systems. These may have
significantly higher TCO compared to commercial full disk encryption
solutions that have a minimal impact on IT processes and end-user
productivity.

By using WinMagic’s industry leading full-disk encryption solution,
SecureDoc, customers are able to reduce the total cost of ownership of
encryption while increasing user satisfaction and data security:

        --  With PBConnex the process for resetting passwords is the same
            as with an unencrypted machine (for example via Active
            Directory), not requiring complex additional steps as with many
            other solutions.
        --  With SecureDoc PBConnex staging is as simple as having the user
            logon while online with their AD credentials. There is no need
            to define which user will be using which device upfront.
        --  With WinMagic's SecureDoc, encryption TCO can be reduced by at
            least $226,163 per organization per year (based on a business
            sample size of 7,788 users).
        --  Savings are based on time reduced on device staging and
            password reset only! It's only the beginning of what SecureDoc
            can offer.

The full study summary can be found on WinMagic’s web site at www.winmagic.com/ponemonstudy and is free to download.

About the Ponemon Institute
The Ponemon Institute© is dedicated to advancing responsible information
and privacy management practices in business and government. To achieve
this objective, the Institute conducts independent research, educates
leaders from the private and public sectors, and verifies the privacy
and data protection practices of organizations in a variety of
industries.

About WinMagic Inc.
WinMagic Inc. provides the world’s most secure, manageable and
easy-to-use data security solutions. WinMagic’s SecureDoc is a
comprehensive encryption and security management product that can
manage data security across the enterprise. By encrypting entire disks,
specific files or folders locally or on the network as well as mobile
devices and removable media, SecureDoc secures your data wherever it is
stored, providing enterprise grade data security policy and key
management across all operating systems such as Windows, Mac OS,
Android and Linux. SecureDoc is trusted by thousands of enterprises and
government organizations worldwide. Our solutions help organizations to
minimize business risks, meet privacy/regulatory compliance
requirements, and protect valuable information assets against
unauthorized access. With a full complement of professional and
customer services, WinMagic supports over three million SecureDoc users
in more than 80 countries.

For more information, please visit www.winmagic.com, call 1-888-879-5879 or e-mail us at info@winmagic.com.

WinMagic, SecureDoc, SecureDoc Enterprise Server, Compartmental
SecureDoc, SecureDoc PDA, SecureDoc Personal Edition, SecureDoc RME,
SecureDoc Removable Media Encryption, SecureDoc Media Viewer, SecureDoc
Express, SecureDoc for Mac and SecureDoc Central Database are
trademarks and registered trademarks of WinMagic Inc., registered in
the US and other countries. All other registered and unregistered
trademarks herein are the sole property of their respective owners. ©
2011 WinMagic Inc. All rights reserved.

SOURCE WinMagic Inc.


Source: PR Newswire