Global positioning satellite GPS based recovery device and risk management system for portable computing devices and data

摘要

A device and software utilizing Global Positioning Satellite [GPS] technologies for monitoring and recovering portable computing devices and, a method and system for acquiring such devices and for compensating owners of devices. The invention inserts a GPS mechanism into a computing device that is enabled once the device is reported missing. The GPS emits real time tracking of missing devices that may be coordinated with security agencies to intercept and recover missing computing devices. When a stolen device is unrecoverable, the invention may receive a signal to initiate data recovery where a wireless network is available to recover data for the owner. Alternatively, the GPS mechanism instructs the device to destroy stored data files to prevent commercial espionage or privacy violations. The invention discloses a software system and method for computing a purchase price of the GPS mechanism, computing compensation for loss of the device and lost data.