With a bring your own device policy, companies are taking on risk by having data moving through these devices and the network. There is an upside, Computerworld said, including increased productivity, but a recent survey from the website showed that 52 percent of executives who responded said they're ramping up mobile security efforts and 38 percent said they want help from outside providers.

The results also show that many don't have a policy, as 46 percent said they have no security plan in place for mobile. Darlene Libiszewski, senior vice president of IT at Chicopee Savings Bank in Massachusetts, said that they deployed smartphones about five years ago.

"We initially deployed these devices to meet the business need of keeping corporate email, contacts and calendaring continually available to a small subset of our executive, sales and support employees - whether they were in or out of the office," she told Computerworld. "But I would say that more risk management focus has been placed in the mobile space because it is developing so rapidly and customer adoption is huge - and face it, this space is the new frontier to be exploited."

Kevin Mitnick, KnowBe4's chief hacking officer, told NewsFactor, that companies should avoid the mistakes of the PC area and be sure to have endpoint security and mobile device management in place to help secure the mobile devices.