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What about employees smart enough to boot a laptop from a thumb drive but not smart enough to disassemble it who just want admin to install some game from a dubious source? What about other scenarios neither you or I can think of right now? The cost of activating bitlocker is so low, I'd do it just in case.

Also, I'd argue the stolen bag scenario usually features dilletante attackers.

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I had to think about this and research, but actually bag theft is one of the ways companies are attacked these days.
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