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This comment is misleading: "When information is not saved on individual devices and never leaves the company environment, the data remains secure"

Why? Because all it takes is a device with access to an environment to be compromised and you;ve lost your security. The data can stay where it is and still be insecure. A fully informed and complete approach is to mitigate the breach of the devices used to access data. With managed devices it's hard enough, with BYOD this is near impossible.