[Video] The security risks of lost or stolen IT assets

Lost laptops. Unreturned equipment. Unmonitored software. When IT assets slip through the cracks, the risks can cost you—and not just financially.

According to a study surveying 200 executives, more than half said they lost at least 5% of endpoint devices when someone left the company. Even at that percentage, the security risks are high, and so are the costs. Depending on the size of your company, that could be tens of thousands of dollars out the door, along with your equipment.

As part of our series on IT asset management, the OfficeSpace product team sat down with Head of InfoSec Jorge M. Diaz to discuss the very real and scary risks when IT assets go missing. Learn how OfficeSpace Software’s new asset management platform provides peace of mind when it comes to tracking the location and lifecycle of IT assets in your workplace.

“If you have a geographically diverse workforce, it can be difficult to track where workstations are. Employees might not be aware that their workstations are reaching  “end of life” — meaning they haven’t received security updates or patches. If your team doesn’t have a way to identify those systems, you could have vulnerable devices in your environment, which opens you up to risk. So, knowing the who, when, and where of each device can really help mitigate that risk.” — Jorge M. Diaz | Head of InfoSec at OfficeSpace 

Watch the full conversation below:

Quick takeaways

• Poorly managed IT assets create significant hidden costs and security risks, extending beyond hardware to include critical data and compliance.
• The primary dangers of losing IT assets include data breaches from unrecovered devices, wasted spend on duplicate purchases, and vulnerabilities from untracked “end-of-life” equipment.
• Fragmented data and decentralized tracking systems make it easy for assets to go missing or become unaccounted for, hindering strategic planning and increasing risk.
• OfficeSpace Asset Management provides a centralized, real-time platform to track assignments, automate workflows, and ensure comprehensive visibility, empowering teams to eliminate blind spots and protect company data.

Are you tired of mismanaging IT assets? It’s time to take the weight off your shoulders and invest in a solution that works. Request a demo from OfficeSpace and see firsthand how you can become the hero of your workplace.