ABA Banking Journal - April 2012 - (Page 24)

tech topics    |   office tools “BYOD” quandary When the “bring your own device” trend comes to the bank, measure the risks carefully By John Ginovsky, contriButinG editor 24  |  ABA BANKING JOURNAL  |  April 2012 Photo: olly /shutterstock.com O n the surface, it seems like a no-brainer. Why not let your commercial lender use her own electronic tablet to efficiently enable deals with the bank, especially if the tablet is much more capable than anything the bank provides? Under the surface, according to security and technology professionals, such a scenario is certainly a no-brainer—but in a brainless sense. Consider the risks stemming from the loss, unauthorized use, and/or viral infection of such devices: compromise of confidential information; litigation; damaged reputation; findings of noncompliance by examiners; and more. Nevertheless, “bring your own device”— BYOD—has established itself as a growing business trend in general, and is seeping into the banking industry. Late last year, Accenture issued a global study that found one in four employees worldwide regularly use personal electronic consumer devices and applications for work-related activities, and 27% said they’d be prepared to pay for their own devices to use at work—despite employers’ concerns about security and IT protocol. Numbers pertaining strictly to U.S. financial institutions aren’t available, but, anecdot-

Table of Contents for the Digital Edition of ABA Banking Journal - April 2012

ABA Banking Journal - April 2012
Contents
Chairman’s View
Editor’s Column
The Economy
Bank Notes
Picture This
Young CEOs: Our turn
Pass the Aspirin
Tech Topics
What is your appetite for risk?
Top-performing big banks
Compliance Clinic
Compliance Inbox
ABA Resources
Legal Issues
First Person

ABA Banking Journal - April 2012

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