Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > DATA ON THE MOVE – THE RISKS OF REMOTE WORKING
    Business

    DATA ON THE MOVE – THE RISKS OF REMOTE WORKING

    DATA ON THE MOVE – THE RISKS OF REMOTE WORKING

    Published by Gbaf News

    Posted on April 4, 2017

    Featured image for article about Business

    By Jon Fielding, Managing Director, EMEA Apricorn

    The ability to be always on, although perhaps not desirable, is vital in improving business operational efficiency. Remote working brings real business benefit to any organisation, improving employee satisfaction and increasing workforce productivity, which ultimately, will have a positive impact on the corporate bottom line.

    Jon Fielding

    Jon Fielding

    Unfortunately, IT departments are struggling to constrain the use of employee-owned mobile and removable devices for work activity. Organisations are at risk of losing control of corporate data and setting themselves up for a fall, in the shape of hefty fines and reputational damage as a result of a data breach and non-compliance.

    Broadening Boundaries

    Devices such as laptops, smartphones and USB storage devices have rapidly increased in capability, but the risks are equally mounting. Devices taken and used beyond the network perimeter are more prone to loss and theft, and the users are often unaware, or ignorant ofthe security threat to the information they house, making them highly vulnerable to attack.

    As data breaches are now an almost daily occurrence with both large enterprises and SMEs making headlines for compromises to intellectual property,the security of remote workers should be a high priority for any organisation. According to recent research from Apricorn,48 per cent of surveyed companies said employees are their biggest security risk, and one in ten companies with over 3,000 employees do not have a security strategy that covers remote working and BYOD.

    It would be expected that the JP Morgan breach in 2014, which saw 83 million customer records compromised after hackers gained access through the computer of an employee working from home, would have set alarm bells ringing, particularly in an industry such as the financial services sector where the potential sky-high rewards make them an obvious target for valuable data.

    However, no industry is immune to the risks of a data breach, and when asked about the greatest security risk to their organisation in 2017, more than a third of surveyed organisations said BYOD and mobile working were among the biggest liabilities. The research, conducted by Vanson Bourne, found that 29 per cent of surveyed organisations have already experienced a data loss, or breach, as a direct result of mobile working and as many as 44 per cent expect that employees will lose data and expose their organisation to the risk of a data breach.

    People Vs Policy

    Organisations are struggling to manage information security risks in light of regulation and compliance issues. Apricorn’s survey revealed that 24 per cent of the surveyed companies were not aware of the impending European General Data Protection Regulation (GDPR), due to come into force in 2018, or its implications. Worryingly, 17 per cent of those who were aware had no plan for compliance. Organisations will benefit by maintaining security standards and keeping abreast of changing compliance mandates to ensure the security of the user, device and the data that it houses.

    Mobile security policies should be consistent across all mobile devices, including USB storage, smartphones, and laptops.As one in ten companies, regardless of size, admitted to not having a strategy that covers removable media such as USB sticks, and 23 per cent of organisations admitted that they have no way of enforcing relevant security strategies they have in place, it is clear organisations have a long way to go. IT departments must implement security policies appropriate for the type of device and the information it contains without needlessly constraining personal productivity.

    Frustratingly, employees often see security policies as a barrier to productivity. Ensuring they are educated in the secure use of their devices can help employees understand the reasons behind the security policy and enable them help mitigate the risks associated with remote working and avoid the repercussions of a data breach.

    By Jon Fielding, Managing Director, EMEA Apricorn

    The ability to be always on, although perhaps not desirable, is vital in improving business operational efficiency. Remote working brings real business benefit to any organisation, improving employee satisfaction and increasing workforce productivity, which ultimately, will have a positive impact on the corporate bottom line.

    Jon Fielding

    Jon Fielding

    Unfortunately, IT departments are struggling to constrain the use of employee-owned mobile and removable devices for work activity. Organisations are at risk of losing control of corporate data and setting themselves up for a fall, in the shape of hefty fines and reputational damage as a result of a data breach and non-compliance.

    Broadening Boundaries

    Devices such as laptops, smartphones and USB storage devices have rapidly increased in capability, but the risks are equally mounting. Devices taken and used beyond the network perimeter are more prone to loss and theft, and the users are often unaware, or ignorant ofthe security threat to the information they house, making them highly vulnerable to attack.

    As data breaches are now an almost daily occurrence with both large enterprises and SMEs making headlines for compromises to intellectual property,the security of remote workers should be a high priority for any organisation. According to recent research from Apricorn,48 per cent of surveyed companies said employees are their biggest security risk, and one in ten companies with over 3,000 employees do not have a security strategy that covers remote working and BYOD.

    It would be expected that the JP Morgan breach in 2014, which saw 83 million customer records compromised after hackers gained access through the computer of an employee working from home, would have set alarm bells ringing, particularly in an industry such as the financial services sector where the potential sky-high rewards make them an obvious target for valuable data.

    However, no industry is immune to the risks of a data breach, and when asked about the greatest security risk to their organisation in 2017, more than a third of surveyed organisations said BYOD and mobile working were among the biggest liabilities. The research, conducted by Vanson Bourne, found that 29 per cent of surveyed organisations have already experienced a data loss, or breach, as a direct result of mobile working and as many as 44 per cent expect that employees will lose data and expose their organisation to the risk of a data breach.

    People Vs Policy

    Organisations are struggling to manage information security risks in light of regulation and compliance issues. Apricorn’s survey revealed that 24 per cent of the surveyed companies were not aware of the impending European General Data Protection Regulation (GDPR), due to come into force in 2018, or its implications. Worryingly, 17 per cent of those who were aware had no plan for compliance. Organisations will benefit by maintaining security standards and keeping abreast of changing compliance mandates to ensure the security of the user, device and the data that it houses.

    Mobile security policies should be consistent across all mobile devices, including USB storage, smartphones, and laptops.As one in ten companies, regardless of size, admitted to not having a strategy that covers removable media such as USB sticks, and 23 per cent of organisations admitted that they have no way of enforcing relevant security strategies they have in place, it is clear organisations have a long way to go. IT departments must implement security policies appropriate for the type of device and the information it contains without needlessly constraining personal productivity.

    Frustratingly, employees often see security policies as a barrier to productivity. Ensuring they are educated in the secure use of their devices can help employees understand the reasons behind the security policy and enable them help mitigate the risks associated with remote working and avoid the repercussions of a data breach.

    Related Posts
    Five questions to ask before stepping into Employee Ownership
    Five questions to ask before stepping into Employee Ownership
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Business PostSMALLER SMES FACE FAILURE DUE TO CASHFLOW BARRIERS
    Next Business PostWHY SOLE TRADER STATUS IS THE PERFECT BUSINESS STARTING POINT

    More from Business

    Explore more articles in the Business category

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    View All Business Posts