Compliance Woes
Data breaches and information tampering has gone up 180% in the past four years, according to the Identity Theft Resource Center (ITRC). Today more sensitive information (i.e. health records, financial statements, and personal information) are sent by electronic means. That means that unsecure methods of communication, FTP, email, and even standard mail, are no longer viable sources solutions. Congress and legislators have begun to recognize this and are continually enacting and adapting laws to reflect this next evolution of communication.
Being in compliance is seen as a onetime fix for most companies. As new regulation is passed, companies will make changes to a particular process or buy a piece of software specifically for that regulation, and then continue operating as normal. Most of the time, this decision is based on a cost. Change as little as necessary because anything drastic would cost more. In reality, with regulators imposing huge fines for data breaches and lawsuits ranging in the millions, this is actually a more expensive approach than finding a centralized solution to secure your companies electronic communications.
Ensuring regulatory compliance and data security is as vital to an organization as ensuring that your buildings have electricity. Employees do not worry about the lights turning on at the beginning of each day. The same should be true for electronic security. Employees and customers should not worry about a file being poached or read before it reaches its destination. Securing data in transit, tracking data that is moved within and outside an organization, and ensuring that data is only accessible to those who should be able to read it, are the standards every company should strive to achieve.
This concept is not new. There are companies that have been creating and designing software for over 20 years specifically with this goal in mind. These solutions can typically handle internal and external file transfer, over an array of platforms and protocols, with a centralized administration point. These basic requirements ensure not only data security but the integrity of your business.
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Tags: compliance, electronic data transfer, encryption, managed file transfer
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