Does anyone really have control over their data?

Aug 20th, 2014 / Category: Managed File Transfer

It seems that despite all the security measures, user policies, and regulatory standards created to protect critical data, organizations still find themselves at risk of a cyberattack that could leave them on the ropes—or out of commission entirely. With hackers' tools and techniques advancing at a rapid clip, IT decision-makers at every level of the enterprise must make data safeguarding a primary objective. Relying on a secure managed file transfer solution to keep information out of wrongdoers' hands and ensure network integrity is a powerful step in the right direction. 

Banks fumble files
Financial services firms need to have their information security in order if they want to make an impact in an incredibly competitive sector. Clients entrust venture capital firms, consultants, and advisors with massive amounts of money and sensitive data, and even a small slip can result in a major fiasco. In the digital age especially, word travels fast when a company falls victim to a data breach, so the stakes are even higher for IT leaders in this field to stay ahead of the curve. The repercussions of an attack are both reputational and operational. 

Even though the consequences of a network vulnerability are severe, tech teams in the financial services space still seem to let data slip through the cracks within their own organizations, according to Bob's Guide. The source explained that a lack of secure file sharing within company networks is letting key data leak out, with 6 percent of transfers failing to reach their destinations. While this may not seem like a problematic figure, the commonality of loss an unacceptable given the saturation of updated, refined transfer tools available on the market.

Fast deployments
Secure transfer practices aren't only essential for safe user transactions and identities, but also protect analytics information aggregated in company databases. Big data is a growing trend in businesses large and small, and as CFO recently noted, creating an enterprise-grade analytics environment can be done fast and on the cheap.

"We're not talking about millions of dollars of infrastructure; we're not talking about large services teams parachuting people in and spending a couple of million dollars," Adrian Lane, an analyst and CTO at Securosis, told the news source. "We're talking agile, cost-effective, scalable modular databases that can be set up quickly by anyone."

It doesn't matter how inexpensive or simple today's big data systems may be—additional information on the line means that security is more urgent than ever.