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Security risks posed by BYOD policies

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With many businesses adopting bring-your-own-device policies, they are opening themselves up to security risks, but benefiting from cost savings and the increasing amount of time spent working for certain employees.

"A new wave of mobile devices are being connected to corporate networks, like it or not, and many companies are embracing BYOD strategies to decrease capital cost and increase productivity," says Jeff Wilson, principal analyst for security at Infonetics Research.

Because of this influx of businesses using BYOD, it is important they be able to secure their sensitive information. Sixty-four percent of respondents to the Infonetics survey said devices with access to sensitive information about their business have been lost or stolen.

While there are a number of security solutions businesses can use, it is still a smart strategy to invest in professional liability insurance, which protects them from potential problems with data loss and computer hackers.

According an article from InfoWorld, it is difficult for businesses to make the decision on whether they should remotely wipe clean lost devices that belong to employees. A panel of IT security experts recommended a tiered approach when dealing with such devices, giving employees an incentive for reporting lost devices.

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