A method of sharing information between an external device and a portable processing device in communication with the external device, including the steps of the portable processing device evaluating policy restrictions associated with the external device, evaluating requested data by the external device in view of the policy restrictions, if the requested data may be shared with the external device, then the portable process device providing access to the data requested. The method may further include setting policy restrictions as a function of the external device, 3rd party security requirements, subscriber preferences and/or predefined mobility network policies.