2019: Why Invest in Secure File Transfer This Year

Are You in the Business of Securing Your Data?

Keeping your data secure may sound like an easy concept, but in reality, it’s no simple feat. Securing your sensitive data and keeping it that way is key for keeping your organization running smoothly. Breaches in data are not only messy, but they can be costly. They can also fracture the trust an organization may have built up with its customers or targeted audience.

So, what can you do about this? In order to keep your data secure, it may be helpful to take a look at some of the key considerations to focus on this year.

What Are the Key 2019 Cybersecurity Statistics?

Cybersecurity attacks in the workplace are continuing to grow, solidifying their place as a huge threat to companies all over the world. Cyberwarfare should never be underestimated due to the vast and serious side effects that can take place after an attack happens. The effects can be crippling, including the damaging destruction of data and the theft of personal, financial, and intellectual property.

Currently, the dread surrounding cybersecurity has been ever expanding. According to a study by Gallup, American officially more worried about cybercrime than actual violent crimes. The most common worries now are being hacked and becoming a victim of identity theft.

In January 2019 alone, approximately 1.8 billion user records were leaked. This is concerning when you consider that this occurred within just one month of the year. This dramatic upward spiral of data breaches and data loss trend is also incredibly costly. According to the 2019 Official Cybercrime Report by Cybersecurity Ventures, damage related to cybercrime is predicted to cost in excess of $6 trillion annually by 2021. The total cost of a successful cyber attack for one organization is over $5 million, or a whopping $301 per employee.

The most expensive component of a cyber attack is information loss, which represents 43 percent of costs. It’s critical to combat the growing cybersecurity incidents out there, make sure your data is transferred smoothly, and keep your information secure.

GoAnywhere’s secure managed file transfer (MFT) solution is a great resource for helping with cybersecurity needs. At its roots, MFT is a robust and core solution that seamlessly meets all aspects of inbound and outbound file transfers through encryption technologies (e.g., Open PGP) and industry-standard protocols (e.g., SFTP and FTPS). However, MFT isn’t just for sending files between users and systems, it’s also ideal for data loss protection. MFT comes with many modules and features that can be used to track file transfer activity, automate processes, and ensure secure connections.

Is the Cloud Really All it is cracked up to Be?

Cloud computing is an on-demand and useful way of computing power and storing data, all without direct active management by the user. Generally, cloud environments may be limited to a single organization or they may be available to many organizations – or they can be a combination of both. They can be installed on each user’s computer and accessed from different locations or while traveling, making them a truly great resource.

When it comes to cybersecurity, the cloud can be a dangerous resource as it often serves as the main hub for a variety of sensitive data, all needing strict protection. Having one hub for everything is great, but it’s not so great if there is a security breach. However, there is excellent news for GoAnywhere MFT users!

GoAnywhere MFT can be installed on-premises, in the cloud, or within a hybrid environment. GoAnywhere’s cloud connectivity features provide the flexibility to partially or completely migrate to an Azure or Amazon cloud infrastructure. GoAnywhere also offers easy working access to web and cloud services like Dropbox, SharePoint, and Salesforce using the cloud integrations. These integrations, called Cloud Connectors are enabled through connections with APIs like SOAP and RESTful web services.

No matter how important the file a trading partner requests or how much billing and contact info you may have to send, Cloud Connectors let you easily, and securely, integrate with the web applications you use every day.

Is Automation Important? 

If you are responsible for transferring a large number of files chock-full of sensitive data, then automation is a perfect fit for you. If IT staff members are spending countless and priceless hours waiting on inbound and outbound transfers, or manually processing data, then precious time and money is being wasted. It’s unnecessary to spend valuable hours translating one file format to another or troubleshooting when a file format fails. All of this can be avoided.

By utilizing a secure solution like GoAnywhere MFT, not only can you reduce time and money spent, as well as other resources, you can automate your file transfers securely and scale with a growing volume.  Ensuring that files get from Point A to Location B with little-to-no error doesn’t need to be a hassle.

Does Compliance Actually Matter?

Data security compliance for secure file transfer is more important than ever! Compliance with industry security standards is an issue that puts pressure on organizations of all sizes, but without the right solutions and policies, manually gathering the required data and creating audit reports can add hundreds of hours to IT’s workload.

Furthermore, data loss protections and security regulations are in place for a reason – misunderstanding current data security standards could lead to a costly data breach, and fines for non-compliance are continuing to rise every year. The amount of sensitive data being processed and shared between businesses isn’t showing any signs of slowing down, so compliance is not something that can just be swept under the rug.

GoAnywhere MFT meets the requirements for common compliance standards, including PCI, DSS, HIPAA, GDPR, and FISMA:

PCI DSS – PCI DSS (Payment Card Industry Data Security Standards) works to ensure credit card data is stored, processed, and transmitted in a secure way.

HIPAA – HIPAA (Health Insurance Portability and Accountability Act) serves to safeguard medical information with a series of data privacy and security provisions.

GDPR – GDPR (The General Data Protection Regulation) was designed to protect the personal data of EU-based individuals while harmonizing data privacy laws throughout the EU.

FISMA – FISMA (The Federal Information Security Management Act) establishes a set of security guidelines that help to reduce the security risk to federal data.

GoAnywhere Can Keep You in the Business of Securing Data

Want to learn more about how GoAnywhere MFT’s secure file transfer solution can be a great asset to your organization’s data loss protection and help you secure your data in transit and at rest? Take a feature tour and see the software in action.

Source: helpsystems