Personal data privacy is one of the greatest concerns individuals have when doing business over the web and in person. It seems it is commonplace for a company to notify their customers that their personal and/or account information has been compromised by a hacker or a disgruntled employee (e.g. TJ Maxx, Wells Fargo, Bank of America).
While you'd think businesses would do everything they can to protect their customers' personal information, they will weigh the risks and likelihood of a data breach happening versus the cost and time to implement such security measures.
Knowing this, the payment card industry (PCI), government agencies and many states have put together a list of requirements that businesses must follow in order to do business with them or in their state. The problem is they often don't enforce these regulations and fines are only imposed after a data breach happens.
GoAnywhere recently returned from Framingham, Massachusetts, where we exhibited at the Northeast User Group conference. Massachusetts has a very strict data privacy law. Not only do businesses in Massachusetts need to protect their customers' personal information but so do businesses who have in their database the personal identifiable information of people from Massachusetts. One of the requirements says organizations must:
"Encrypt all transmitted records and files containing personal information that will travel across public networks."
Several of our customers mentioned our products have helped them meet the Massachusetts' data privacy requirements. They have implemented field encryption using Crypto Complete and are using our GoAnywhere MFT to encrypt file transfers. They have minimized the risk of a data breach happening at their company by using both solutions.
Unfortunately, we had many other individuals stop by our booth who said their management does not want to allocate any resources (time or money) towards securing personal and confidential data. They know they should do it and are required to do so, but it's just not high on their priority list right now. I'm afraid this mindset may be more popular than we think, which is concerning.
Is the company you work for securing personal data? Find out how GoAnywhere can help your company avoid sending the inevitable letter that your confidential information has been breached. Not only can we help you avoid facing public humiliation, our products can help save you time and money by streamlining the secure data transfer process.
Want to see how GoAnywhere encrypts data in transit and at rest?
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