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Alternative Market Briefing

Asset management employees need to think twice about BYOD

Thursday, August 18, 2016

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Anne Patin
Benedicte Gravrand, Opalesque Geneva:

  Asset management companies have been implementing Bring Your Own Device (BYOD) policies, as not all employees necessarily want to carry around a company smartphone or tablet. But employees need to know of the risks of using their own devices for work purposes.

  Lower costs and employee satisfaction are obvious advantages of BYOD. But by embracing BYOD, organisations lose much of the control over the IT hardware and how it is used. So they need to lay out minimum security requirements, and make sure the issues of compliance and ownership of data are followed.

  The first generation of BYOD policies were not very satisfactory. Technology had not yet been developed to allow companies to access just one portion of a device. As a result, companies implemented policies that were stringent. To ensure a company’s security, employees were required to provide full access to their devices, including personal information. Employees were consequently wary of adopting BYOD, or had complaints after doing so.

  According a recent report on BYOD and mobile security produced by Crowd Research Partners, increased employee mobility, satisfaction and productivity dominate as the top drivers of BYOD, and are considered more important than reduced costs. On the other hand, security and employee privacy are the biggest inhibitors of BYOD adoption. And for organisations, there is ......................

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