The mobile security industry is forecasted to increase at a 25 percent compound annual growth rate topping $4 billion by 2018, primarily in the software market.
This rapid growth of mobile security is fueled by the up-rise in data breaches and threats to mobile devices.
Jeff Wilson, principal analyst for security at Infonetics Research is keeping a watchful eye on the convergence of mobile device management, mobility innovation and mobile device security.
Go above and beyond data security. MDM or mobile device management should actually be “mobile data management.”
Although considered the main source of communication and data sharing, mobility may be its own worst enemy.
Mobility means innovation and productivity.
Unfortunately, mobility is its own worst enemy when it comes to security and management.
Think about this:
• 61 percent of organizations say that data theft and cybercrime are the greatest threats to their reputation.
• The average cost of a security breach is as much as $6 million for an organization, according to a report from the Ponemon Institute.
• 50 percent of organizations surveyed are not confident in their security programs.
• 22 percent of 20-29 year-olds admitted to losing a computer or mobile device that gave unrestricted access to work information to whoever found it!
• Nearly a third of twenty-somethings keep their passwords in plain sight.
As technology and data expand and mature, so must security and management measures. Ensure your company has proper procedures for data erasure and mobile lifecycle management.
Data security doesn’t have to mean a sledgehammer and concrete.