We have the same issue in my company's application.
For now, we do not cache sensitive data and our app has no offline 
capabilities. 

Actually, security is not the major issue in our case. You can properly 
encrypt the cached data and that should be sufficient (as long as the app 
cannot be reverse engineered to obtain the decryption key(s)). However, *
enterprise*/corporate data on *personal *(non corporate) devices may raise a 
lot of legal issues (e.g. can personal devices be subpoena-ed or not...).

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