Every company’s cybersecurity strategy is often surrounded by a feeling of inadequacy. It is never enough Executives will feel that there is always something missing, even after they have invested in everything. Many executives wish there was an extra mile they could take to protect their systems. There is a way to do it, and it’s called Managed File Transfer (MFT).
This is because many security strategies fail to secure their data in transit and rest. Understanding how Managed File Transfer fits into your security strategy is the missing piece; the glue that binds your security strategy together.
Managed File Transfer
More than ever, you need control and visibility over your data movements and infrastructure. You need to have control over data movement and infrastructure
However, secure file transfer methods such as Managed File Transfer (MFT) are essential to your cybersecurity strategy.
In 2008, you may have been able to get by without one, navigated through 2012 with no event, and made it through 2017 without any major problems. But not this decade.
You’ll be amazed at the changes that have taken place in just a few years. Remote working has led to an increase in the number of endpoints. Worse, remote workers are returning home with access to critical systems and peer-to-peer data transfer.
Look at the huge cyber-attacks that have hit the news and headlines. All of them are related.
Also read: Top 15 Website to Transfer large Files
Need for MFT in Your Cybersecurity Strategy
It is becoming more apparent that there are many ways to protect your data infrastructure. Although it may have worked once before, it is no longer sufficient to secure your data infrastructure.
Many companies, like yours, have a cybersecurity strategy. Most likely, yours is composed of several systems, protocols, integrations, strategies, and strategies that work together to make your system foolproof.
Most companies use, These systems which can include strategies like chaos engineering, reliance upon transfer protocols such SFTP, and integrations such as Managed File Transfer(MFT) with Digital Asset Management.
Remote work is increasing in importance due to the growing volume of system-critical information. This has led to 137,000 more breaches and sophisticated malware attacks. It’s high time that Managed File Transfer (MFT), was included in your cybersecurity strategy.
What Is Managed File Transfer (MFT)?
Managed File Transfer uses encryption and file transfer protocols for secure files transfers across different endpoints within your organization.
It goes beyond that. Managed File Transfer’s “managed” component gives you central visibility, access, and control over your data infrastructure as well as internal and external data transfer.
Where Managed File Transfer and Cybersecurity Cross Paths
Varonis estimates that only 5% are secure. A system that protects data from malicious intent at all stages of its life cycle is essential for protecting data.
It should provide end-to-end encryption and automation, as well as strict access control. Managed File Transfer is the best option that offers all of this in one package.
Managed File Transfer (MFT), can be added to your cybersecurity strategy in the following ways:
1. File Encryption
Managed File Transfer (MFT), is the best encryption available. To protect your data, it uses the most recent versions of industry-standard encryption protocols like AES and Secure Hash Algorithm 1(SHA-1)
MFT (Managed File Transfer) provides end-to-end encryption. This encryption protects your data from both external agents and the host. It prevents vulnerabilities or loopholes from the host from spreading to you systems.
Access control is more important than ever. Your systems are now more accessible to cyber-attackers thanks to the migration from spreadsheets and paper-based systems.
Moreover, A rise in remote work and outsourcing means that your critical system’s data is now available to more people than ever.
Managed File Transfer (MFT), digitizes and simplifies system access for remote employees. As an additional layer of protection against potential vulnerabilities, it offers multi-factor authentication as well as granular user protection.
3. Reduce Reliance On Manual Processes
95% of cybersecurity breaches are caused by human error. Each and every manual data transfer that requires input from your team is a potential attack.
Over 48% of malicious files can be found in Microsoft Office email. An iPhone, an email address, and critical system access can allow last year’s employee to unknowingly open your door to a cyber predator.
Managed File Transfer (MFT), will automate many of your repetitive and redundant processes. These are the processes that your team usually handles and are vulnerable to malware and phishing attacks.
Security is not complete without visibility. IBM estimates that it takes 280 days to identify and contain a data breach.
This is due to the lack of visibility into organizational data transfers structures. Managed File Transfer (MFT), will provide you with insight into your data systems. The Managed File Transfer dashboard (MFT) will provide:
- View of the file transfer status
- End-point activity status
- Analytics on event history
- Transfer volume expectations
Importance of Reserve A Spot for MFT in Your Security Strategy
These security improvements will go beyond your cybersecurity concerns. The ripple effect of embracing Managed File Transfer (MFT), will spread throughout your company.
Some of the benefits you will get from adding Managed File Transfer to your security stack are:
Migration using Outdated Protocols
It is past time to update any aspect of your data’s lifetime that relies on old transfer protocols like FTP or SFTPs.
FTP was not designed with security in mind. Therefore, any internal or external data transfer that relies on FTP is a disaster waiting for it to happen.
Managed File Transfer (MFT), a rare opportunity for you to migrate all your data into the most secure transfer protocols like SSH, is available.
Data regulations are becoming more stringent, as you may have noticed. Fines are increasing, stakes are rising and data privacy is being taken more seriously by the public.
Managed File Transfer helps institutions handle sensitive data to comply with regulations.
Your data transfer systems may be as secure as they are. Unanticipated growth in data transfer volume, or gradual growth, could put a strain on your systems and lead to vulnerabilities.
Managed File Transfer (MFT), which includes load testing and load balancing, offers high performance. This protocol makes your system more prepared for data transfers that are unprecedented in volume and subsequent workflows.
Data breaches can be costly. Investing in secure systems now will protect you from expensive, business-destroying costs later.
Managed File Transfer (MFT), on the other hand, will help your business save a lot of money due to its efficiency. Your business will save labor costs by reducing the manual work involved.