All the handwringing over employee privacy in the age of BYOD isn't just for show-that is, real fears exist.

Companies are drafting tough BYOD policies that give them the right to wipe data, install apps and monitor usage. With today's mobile technology, they can collect personally identifiable information. They can track your whereabouts during work and non-work hours using MDM (mobile device management) software, GPS and triangulation.

But wait a minute, you might say. Your BYOD smartphone only accesses corporate email through Exchange ActiveSync. What harm can come of this? Well, this simple connection still makes it possible for companies to remove personal files, pictures and music from your phone, according to Fiberlink.

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BYOD has become a matter of trust between employee and employer. So far, there doesn't seem to be a whole lot of it. Three out of five survey respondents would not let the employer install an app on a BYOD smartphone or even view what personal apps are already installed.