Hiya - my twopennorth is that it might depend on what you mean by 'on mobile devices'...
If we're talking about a mobile device accessing a secure virtual desktop, where data is only 'on' the device to the extent that it's visible on the screen then the security of the infrastructure of the virtual desktop is the chief concern. If it's good enough (which would logically include automated timeout disconnections and no 'remember me' options at login etc) then the means by / device from which it's accessed might not be of great concern.
However, if we're talking about the organisation's data / customer records actually physically ON an unsecured, personally owned device we're looking at a de-facto Principle 7 breach. There are a fair few penalties have been handed out for lack of security on devices, including (if I remember rightly) personally-owned ones.
Anyone who thinks the latter scenario is okay is, frankly, a liability.
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