Why security should be the top priority during file transfers

Data is the lifeline of businesses and keeping it secure and confidential matters more than anything else right now.

While it makes sense to safeguard your information from the competitors, you must go the extra mile for protection from hackers and malicious people looking to compromise it.

Moreover, you would also want to do it for fulfilling customer privacy compliance regulations. Information theft and exposure are also equivalent to reputational damage to any organisation. Further, the growing number of cyber breach incidents brings all the more attention towards security. 

It becomes clear that you must have robust data protection practices in place, regardless of the size, scale, and niche of your business. Despite the widespread awareness about the value of data security today, many businesses still fail to prioritise it when implementing file sharing options.

Let us give you some good reasons why every business should go the extra mile with security when it comes to filing transfers. 

Data is becoming increasingly valuable 

The biggest reason why organisations should pay more attention to security with file transfer solutions is the growing value of corporate data right now. Although the information has always been vital to businesses, the rise of technologies like big data analytics and business intelligence has made it all the more important in the current times.

Businesses leverage it to gain insights that empower better decisions to drive success. Today, companies not only have a greater volume of data but it is also more valuable than ever before. Consequently, they need to be extra careful about protecting it just as any other critical asset. 

Data-driven cultures are a norm

Apart from the fact that data is of immense value for companies today, most of them have data-driven cultures as well. They encourage employees to rely on real information rather than instincts and assumptions to drive better results for the organisation.

To keep pace with such a workplace culture, employees need to send, receive, and access confidential business information on a regular basis. This greatly increases the exposure and risk to the corporate data.

Unless there is a secure file transfer solution in place, employees will be apprehensive about accessing the information they require to do their jobs efficiently and effectively.

The systems are plagued by transit vulnerabilities 

Another reason why businesses should be concerned about security in file transfer is that corporate systems are plagued by transit vulnerabilities. Obviously, data in motion is bound to be at a greater risk as compared to that at rest.

Any piece of stored information rests behind the firewall or stays within strongly protected servers and networks. But once your employees start sharing it, everything is out in the open.

Encouraging secure file sharing in a private cloud is the best approach to address these vulnerabilities. With the right tools, applications, and measures in place, you can rest assured that data transfers are as safe as stored information.

It’s a small price to pay for peace of mind

If you run a bootstrapped business with cash constraints, you will be worried about the cost of a file-sharing system. A high quality and secure solution is, however, the smartest investment for your business as it ensures peace of mind.

It’s a small price to pay as you can be stress free and focus on your growth initiatives rather than keep worrying about the security of your confidential information. So this is something you should do sooner rather than later, without thinking twice about the expense it involves.

An ounce of prevention goes a long way 

Protecting your files with the right file-sharing tool is a wise approach because it is far better to prevent a breach rather than pay for its consequences. Data breaches can cost a fortune to any business in terms of compliance issues and reputational damage.

Further, you may end up losing valuable competitive edge in their markets if your intellectual property is breached. Losing customer information has even worse implications as it can translate into loss of customer loyalty, which can make it tough to acquire new customers in the future. Obviously, prioritising secure file transfer can go a long way in saving your business from such massive damages.

The investment required for a secure file sharing solution should not be a reason to let your guard down. It is something that you must absolutely invest in because the benefits extend beyond only securing the overall ecosystem of your company. Rather, it makes your business more productive, profitable and confident in the long run.