These days it seems there's a new story every day about a successful or attempted cyber attack. This activity continues to be among the world's fastest growing criminal threats, and poses a challenging decision for companies considering adoption of the “bring your own device” (BYOD) trend in which employees use their personal mobile devices such as tablets, phones, and laptops to conduct company business.
Allowing employees to use personal devices has both benefits and drawbacks, particularly in industries such as insurance where many employees are traveling, out in the field and carry sensitive information. On the one hand, allowing the use of personal devices for work can be cost effective, efficient and streamline employees' access to information. On the other, it may create several potential challenges and risks.
This provides an opportunity for agents and brokers to help clients protect themselves against these risks by advising on the proper insurance, combined with a smart risk management strategy to protect against the exposures associated with the BYOD trend.
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