What is a consequence of failing to report a lost or stolen device?

Failing to report a lost or stolen device can significantly increase the risk of a data breach. When a device that contains sensitive or confidential information is not reported missing, unauthorized individuals may gain access to that data. This can lead to various negative outcomes, including identity theft, financial loss, or the compromise of critical company information.

On the other hand, assuming there are no consequences at all or that the company will simply provide a replacement of the device overlooks the serious implications of data security. Additionally, while termination is a possible consequence depending on company policy, it is not a guaranteed immediate response to such a situation. The most pressing concern in the context of data security is indeed the potential for a data breach, making it crucial for individuals to report lost or stolen devices promptly to mitigate risks.