Despite 59% still approving the use of personal devices for business
A recent survey has found that 73% of respondents believed BYOD brings greater security risks for their organisations, despite 59% still approving the use of personal devices for business.
Kensington, who compiled the findings from the MarketsandMarkets survey, highlighted how the global market for BYOD and enterprise mobility is forecast to nearly quadruple in size over the next four years.
Currently valued at $72 billion, MarketsandMarkets expects annual growth of 26.6% for a projected value of $284 billion by 2019.
The survey, which was conducted in the fourth quarter of 2014, found that CEOs, CIOs, CSO, and IT professionals are significantly concerned with how BYOD is impacting the security of their enterprise environments.
A number of physical security measures are being leveraged with varying adoption in response top these concerns, with 55% reporting that they are considering further investments in this security area.
Existing security measures put in place by repondents included employee training and guidelines (64%), anti-malware and encryption (61%), compliance and governance policies (55%) and data loss prevention and authentication solutions (48%).
"With the rapid rise in the use of mobile devices and laptops, organizations need to become vigilant in their ability to protect those devices from the risk of theft or loss that may put critical business and personal data in the wrong hands," said Judy Barker, Global Product Marketing Manager, Kensington.
"With the BYOD onslaught, this risk is even more critical. By employing simple and secure device locking mechanisms organizations can easily safeguard their data, their brand and their reputation, with the immediacy they need to avert this threat."