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Report Reveals Highest Cost of Data Breach Spike Since Pandemic

The game is changing. Data is still being breached but with AI and digitization running at full gallop, organizations may be facing breaches at a scope previously unimagined. IBM recently released their 2024 Cost of a Data Breach Report, highlighting some of these changes. This year’s findings may have the gravity to impact the way people think about protecting their data. General Trends This...
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Folder Encryption Supports Financial Compliance

Encrypted Folders in MFT Can Help Meet Financial Industry Compliance RequirementsOrganizations in the financial sector that need to meet compliance requirements for PCI DSS, GLBA, or SOX can benefit from folder encryption functionality in their Managed File Transfer (MFT) solution. Utilizing folder encryption can help meet the mandate to encrypt sensitive data both in transit and at rest (or not ...
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PeSIT Protocol: Advantages and Considerations

The PeSIT file transfer protocol, used primarily by financial organizations in Europe, enables files to be written and read from one machine to another on a point-to-point or point-to-multipoint basis. And, while it can certainly be used beyond banking, it remains one of the lesser known, but still secure and reliable file transfer protocols for the financial industry.
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Sharing Financial Files: Benefits of MFT

Financial file matters matter. Not only are these files a top priority to the banks and financial institutions that handle millions of transactions daily, they also matter to the industry’s compliance regulators, and to the public trusting that their financial information is secured. How organizational and personal financial data is handled and...
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Transferring Government Files: MFT Addresses Biggest Challenges

Whether big government or small, assuring the security of files in the public sector is of utmost importance for security, as well as assuring any information from citizens is protected. According to 2021 US Census data, there are 90,000 government entities. Protecting the data these agencies handle is admittedly a big lift.Not only are government...
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HIPAA Compliance and File Transfer: What You Need to Know

HIPAA Compliance and File Transfer: What You Need to KnowThe Health Insurance Portability and Accountability Act (HIPAA) secures the Protected Health Information (PHI) of healthcare system users within the United States. Since the Omnibus Rule went into effect in 2013, millions of healthcare “business associates” have been included under the...
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Protecting Vital Government Information with MFT

When it comes to information security, few industries top the government – at all levels – when it comes to requirements and compliance designed to protect the sensitive data it collects, manages, and exchanges. And while it may seem like just more red tape, these standards and requirements are for the benefit of the people as well as the...
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5 Ways that MFT Helps the Finance Industry

Managed file transfer (MFT) empowers organizations to reliably and securely exchange electronic data between systems and comply with various regulatory requirements. With MFT solutions, you can confidently facilitate internal and external enterprise data transfers, including sensitive, compliance-protected, or high-volume data. The financial...
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What is DORA and How Can Organizations Comply?

Staying abreast of compliance requirements, even if they are not directly specified for your country, is still important, as your organization could be impacted, should you have offices in the affected country or provide services to an organization in countries where the regulations apply. What is the DORA Regulation? DORA, or Digital Operational...
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Is FTPS HIPAA-Compliant?

Complying with stringent HIPAA requirements requires strong encryption protocols. GoAnywhere MFT utilizes FTPS, the more commonly used SFTP, and other protocols for secure file sharing.
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Secure Government Files with a Managed File Transfer Solution

If government IT departments were to debate on key cybersecurity issues, one that likely keeps people up at night is how to help ensure their sensitive, often top-secret, data is secure when being sent in and out of their network. While there may be several candidates in the running to address this cybersecurity issue, a leading solution contender...
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Secure File Sharing for Banks Gets a Boost from GoAnywhere MFT

Secure file sharing for banks has always been of utmost importance and is only gaining traction in the face of common cybersecurity threats and compliance requirements alike. Requirements like PCI DSS, GDPR, GLBA, and more can make processes more complicated, even as the safeguards outlined within them promote data security to protect both...
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Secure File Transfer Drives Compliance and Efficiency for Credit Unions

The unwavering protection of personally identifiable information (PII) is the foundation upon which financial and banking organizations build their services and instill trust in customers. Achieving this requires credit unions and related companies to navigate a fine balance between stringent data security and business efficiency to meet customer...
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5 Ways Government Can Improve Cybersecurity Resilience

Cybersecurity for Government is CrucialIn these trying times government agencies everywhere must be resilient when it comes to cybersecurity.Cyber resilience is an organization’s ability to prepare for, respond to, and recover from cyber threats. A cyber-resilient organization can adequately adapt to known and unknown crises, threats, adversities, and...
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What is HITRUST Compliance?

HITRUST Compliance Helps to Manage RiskThe secure storage and transfer of sensitive data is of the utmost importance to the healthcare industry. Data security and complying with the Health Insurance Portability and Accountability Act (HIPAA) is paramount, yet doing so can often be complex and difficult to maintain.This is where HITRUST comes in as a...
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Cybersecurity Concerns in Healthcare in 2022

Every year the healthcare industry is greeted with headlines stating that ‘last year was the most-breached ever.’ And that trend is unlikely to stop in 2022. The healthcare industry has historically been one of the most-targeted by hackers, and one of the most breached by internal actors. Key reasons why include vast amounts of extra sensitive...
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GDPR and its Relationship with Healthcare

What is GDPR? The General Data Protection Regulation (GDPR) establishes protections for the privacy and security of sensitive data for individuals in the European Union (EU). The data protection regulation was designed to harmonize data privacy laws throughout the EU and replaced the long-standing Data Protection Directive. GDPR...
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Who is Protecting Your Healthcare Records?

Patient Privacy is in Jeopardy: Data Breaches, High Payouts, and PHIHow important is a patient's privacy? If your organization is a healthcare facility, the instinctive answer that comes to mind is "Very important!" After all, a patient's privacy is the basis upon which a doctor/patient relationship is based.Right?When it comes to patient data, the...
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The Top 10 Healthcare Data Breaches of 2020

2020 Was the Worst – in Healthcare Data BreachesData breaches can have catastrophic consequences on those who are unfortunate enough to suffer from one. From steep costs and/or fines (in the millions) to a ruined reputation, data breaches are not to be taken lightly. This is especially true for the healthcare industry, where sensitive patient data, or...
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How to Use MFT as a Workflow Automation Tool in Healthcare

When it comes to managed file transfer (MFT) solutions, organizations across industries find them valuable for policy enforcement, user access control and authorization, risk reduction, and more. And when it comes to HIPAA and HITECH requirements, MFT shines as a secure workflow automation tool. MFT as a B2B Enabler What makes MFT a perfect...