As companies become more diverse, discrete and expansive, the importance of effective collaboration and communication solutions skyrockets. It is simply not possible for most modern businesses to remain competitive unless they fully committed to developing and maintaining strategies that enable employees to send and receive vast amounts of sensitive data quickly, easily, securely and whenever necessary.
Yet while these may be the most obvious factors for decision-makers to consider, they are certainly not the only critical elements. For example, business leaders should also ensure that the managed file transfer (MFT) solution selected offers robust visibility into the transfers themselves. Without this insight, it will be impossible to maximize efficiency and security for the company as a whole.
Visibility is critical when it comes to file transfers for several reasons.
First, there is the simple need for managers, executives and other business leaders to know what is happening within their organizations. This includes both the specific transfers that are occurring and bigger picture: How many transfers occur in a day, how large these transfers are, who the recipients are and so on.
The more information that a business leader can gain access to, the better his or her decision-making will be. Visibility into MFT usage and performance can play a key role here, helping leaders to understand what is happening within their organizations. Without visibility, these managers and executives may not realize that their firms' file transfer capabilities are being strained until problems start to develop.
Additionally, high-quality visibility into MFT usage can serve a valuable role in improving a company's security, particularly in regard to the threat of corporate espionage.
This is a serious problem that every organization needs to be aware of. Businesses in every industry now generate and collect more data than ever before. Thanks to developments in areas such as big data analytics and business intelligence (BI), unstructured and semistructured data can now be leveraged to gain valuable insights into organizations, their industries and their clients.
Critically, though, this information may also be utilized by business rivals to gain a competitive advantage. With a rival's information in hand, a business may be poised to develop strategies that effectively counter or undermine the victimized organization.
Additionally, sensitive customer data is a valuable target to cybercriminals, as this information can be used for identity theft and fraud.
Obviously, hacking is among the most common methods deployed to gain access to this sensitive and valuable information. However, intentional espionage caused by personnel is also a common cause of data breaches.
With a high level of visibility into MFT transfers, managers, executives and the IT department will be able to detect suspicious activity far earlier than would otherwise be possible. As a result, corporate espionage and related data breaches can be stopped before they damage the organization, which can save both headaches and money in the future.