Companies need to adhere to advanced security standards, e.g., HIPAA, GDPR, and PCI DSS, not only to prevent costs related to data breaches but also to avoid hefty penalties and fines.
Ensuring the security of data transferred among partners, vendors, employees, and customers has become even more challenging due to the huge amount of data that organizations need to handle and protect. Even a single wrong step – for instance, lack of file encryption in one specific workflow – could cost dearly.
Using managed file transfer (MFT) software helps to ensure data security without straining the IT resources or interrupting current business processes. MFT helps to automate workflows, minimize manual file transfer, increase efficiency, and reduce the dependence on custom scripting.
Ensuring Compliance with Data Security Regulations
An MFT software immediately identifies critical personal information (PII) in healthcare or secure payment information during banking processes.
It helps to effortlessly eliminate multiple vulnerabilities from their own business communication processes. This helps not just in the prevention of high priced data breaches but also avoids fines linked to the violation of stringent industry rules.
Multi-file transfer capabilities allow for auditing, role-based access, centralized security controls, reporting, encryption, key management, and security protocols to protect critical information.
For times when there is a need to audit file transfers, it stores detailed audit records for file transfer activities plus also provides the capability to search the audit log for specific terms, date ranges, or users. MFT helps investigate whether each step of transfer succeeded or failed to foresee any data risk.
Enhances Hassle-free Security, Minimizing Downtime
With an MFT solution – all danger, maintenance, security vulnerabilities, and programming needed to set up a file transfer protocol get mitigated. The computer software seamlessly helps schedule batch transfers to improve efficiency with efficient encryption.
A robust MFT solution promises active-passive and active-active methods to keep the processes running even if other IT issues are encountered. Effective clustering ensures the best availability by allowing multiple servers to run concurrently so that the communication is not disrupted if one server goes down.
Special encryption, reporting, and transferring requirements issued by the governments can be complex – MFT helps organizations match all such stringent security standards seamlessly. And as companies increasingly migrate to the cloud, the need for automated and secure file transfers on the cloud is increasing. MFT can provide encrypted transfers, saving data, and enhancing risk abeyance.
MFT Reduces the IT Costs
An MFT solution eliminates manual processes, therefore saving the overhead costs related to IT maintenance. The countless automation features also permit to increase efficiency by cutting down on time-consuming manual tasks that could be high priced in the long-run.
To stay competitive and to optimize profits in the current complex business environment, businesses can’t afford to overlook the security needs and cost-efficiency of their data transfer processes. Using an MFT solution allows them to leverage the latest cybersecurity measures to ensure the safety of all business-critical information.