Infrastructure

04:30 PM
Bryan Yurcan
Bryan Yurcan
Commentary
Connect Directly
Facebook
Twitter
Google+
RSS
E-Mail
50%
50%

The BYOD Challenge

Having a policy in place to manage mobile devices used by employees for work purposes is necessary in this current day.

Having a good BYOD in policy in place is critical for most companies in the current day, especially in the financial services industry. Employees using mobile devices that are connected to a corporate network, and that are privy to valuable and sensitive data, need to know exactly what protocols they should follow in using that device.

According to Nolan Goldberg, an intellectual property and technology counsel with Proskauer LLP, knowing the fundamental principles of information governance is key so that any BYOD policy can grow to handle whatever comes tomorrow in this world of rapidly changing technology. Firstly, he says it is important to note the difference between an organization giving out mobile devices for work use, as opposed to allowing employees to use their personal devices for work and store corporate data. Most companies have a mobile device management policy in place for the former, so it's that latter that requires a well-implemented BYOD policy.

InformationWeek Leadership Summit: Build Your CIO Chops

[Do you aspire to the C-suite, or some other spot in upper IT management? Then bulk up your credentials around today's most pressing IT movement, digital business, at the Information IT Leadership Summit.]

If an employee is allowed to use his personal device to gain access to a corporate network for work purposes, he needs to know the expectations of privacy and ownership of data that comes with that privilege, notes Goldberg. For example, if that employee leaves the company and corporate data needs to be removed, will the entire phone need to be wiped, thus causing the employee to lose personal data as well? These are scenarios that need to be addressed in a BYOD policy, Goldberg says.

Read the rest on Bank System & Tech...

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio
Comment  | 
Print  | 
More Insights
More Commentary
US T+2: All Thatís Left Is the Execution
T+2 settlement is right around the corner for the US. What will it take to get from where the industry is now to implementation?
Is There a Watson in Your Financial Future?
How artificial intelligence might affect financial services.
Survey Shows an Urgency to Automate the Back Office
Confluence reports numbers are trending up across the board when discussing the need to automate back-office processes.
7 Pillars of Market Surveillance 2.0
Compliance officers are facing flash crashes, insider trading, market manipulation, and more. Here are seven market surveillance and risk management steps that will help compliance officers sleep better at night.
Stop, Rethink & Recalibrate: A View From Asia Pacific
Technology has made the human element of high- and low-touch trading almost indistinguishable. Brokers can no longer compete on price. Instead, they should build toward user experience and value of outcome.
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
7 Unusual Behaviors That Indicate Security Breaches
7 Unusual Behaviors That Indicate Security Breaches
Breaches create outliers. Identifying anomalous activity can help keep firms in compliance and out of the headlines.