4 Bring Your Own Device Security (BYOD) Risks That Could Cost You Millions
Bring-your-own-device security risksย include reduced control and increased cyberattacks. Personal devices aren’t always as easy to protect as corporate ones.
It’s a trend that started with the rise of smartphone adoption. According to a Pew Research study, approximatelyย 98% of Americansย own a cell phone. That’s an increase of nearly 35% from the previous survey in 2021.
Many workers bring them to work. According to MarketBiz statistics, overย 60% of workersย use their personal devicesย for work-related tasks, regardless of company policies.
Almost 82% of companies have a policy allowing them. Approximately 38% of companies listย bring-your-own-device security risksย as their main reason for not doing so, but these can be reduced.
What Is BYOD?
BYOD is an acronym for “bring your own device.” It allows employees to bring their own technology to work instead of having to use whatever the business provides.
This could include:
- Phones
- Laptops
- Tablets
What Are the Risks of Bring-Your-Own-Device Policies?
Basicย bring-your-own-device security risksย are the same as forย any device, such as the possibility of data breaches or malware. They also present additional issues, such as a lack of control and potential noncompliance.
1. Data Breaches
Any device can be a target for a data breach, but personal devices are often at a higher risk. They may not have the same protective measures.
They can also serve as a gateway for cybercriminals to gain access and obtain sensitive information. This can lead to:
- Compliance issues
- Reputation damage
- Financial loss
2. Malware Infection
If BYOD policy guidelines aren’t strict about device security, personal devices can be prime targets forย malware infections.ย This malicious software or dangerous applications can then spread into the corporate network.
3. Lack of Control
One of the main reasonsย for manyย bring-your-own-deviceย security risksย is a lack of control. IT departments can’t control what workers do with their personal devices in or outside the office.
Different devices also have unique security configurations. That can lead to inconsistent security measures across your business.
4. Compliance Issues
Data complianceย is a major problem for any organization, especially those that handle sensitive information.
It doesn’t matter if even one employee has a personal device that doesn’t meet these standards. Your business can face major consequences, including:
- Legal liability
- Financial issues
- Loss of customer trust
Is Bring-Your-Own-Device Safe?
BYOD is safe with the right protections. Institute regularย employee device security training. Make sure they know all the risks present in personal devices.
Update your business network protection policies. They need to adapt to the latest technology. It also means addressing the latest cybersecurity threats.
Use mobile device management (MDM) strategies. These tools can help you monitor and control personal devices across your network. That means personal and corporate ones.
Encryption is one of the most effective cybersecurity best practices for protecting sensitive data. Use it for all personal devices. This makes it more difficult for cybercriminals to access.
Get a Team to Prevent BYOD Security Risks
Bring your own device security risksย include cyberattacks and compliance issues. Teaching employees to fight them and securing personal devices helps mitigate the risks.
Pegasus Technologies uses Match-IT technology. We deliver a technical team and manager who serve as a perfect fit for your unique needs.
Contact usย today to get the best support team for you.