Every new technology needs to be carefully examined by companies, and the bring your own device trend is most certainly no exception, according to Insurance Networking News. The website said BYOD may be neglected in certain areas that could end up hurting the company in the long run, so it should be carefully set out and implemented.

“It is easy to understand why the BYOD concept would have a lot of appeal to cost-conscious occupants of the C-suite, but as usual, there is more to the story than is apparent on the surface,” Grudi Associates president Walter Grudi said in a report, according to the news source. “Cost savings may not be what they appear, and there can be numerous other pitfalls that more than mitigate the potential benefits.”

Grudi said companies should ask themselves questions before implementing a BYOD policy, including:

- How important is network security for the company?
- Is the business culture suitable for a BYOD plan?
- Have all the indirect costs of BYOD for the company been considered?
- Is there already security in place or will more have to be purchased?

A report from nCircle showed that 14 percent of federal workers surveyed said mobile devices and BYOD were their biggest security concerns of 2012, with 82 percent saying they had mobile security policy in place.