Eh, if the physical security isn't good enough you'll have laptops going missing whether they're encrypted or not. There's a lot more opportunist thieves who'll snatch a laptop than there are industrial espionage spies rappelling down your elevator shaft or whatever.
The real reason for the policy is so when some dumbass sends a dick pic from their work computer and gets fired for it, they can't claim "it wasn't me" and expect to keep their job.
The real reason for the policy is so when some dumbass sends a dick pic from their work computer and gets fired for it, they can't claim "it wasn't me" and expect to keep their job.