According to security firm, Symantec,
stolen or lost smartphones and tablet computers are costing
businesses roughly $429,000 (£273,273) a year in financial
expenses, not to mention data leaks and permanent damage that could
be caused to the brand's identity.
Symantec's report, State of Mobility Survey 2012, also
underlined that despite knowing about these risks, companies are
still opting for mobile solutions due to extensive travelling and
the need to be constantly connected on the go.
According to the security firm, mobility was one of the top
three IT risks the companies were facing.
Symantec's endpoint and mobility group's VP, CJ
Desai, stated in the report:
"This cultural change from refusing mobile devices not long
ago, to actively distributing and developing mobile applications,
has introduced a new set of challenges and complexities for IT
In addition, the research underlined that roughly 71 per cent of
firms were keen on developing mobile apps for their companies.
Whilst smartphone applications were a great idea, the risk of
hackers injecting malicious scripts into the apps
grew as well, the firm warned.
However, it has been underlined that the biggest
hazard lied within employees losing their
work-based smarties rather than hack attacks.