Most organisations today are going through considerable change and evolution across their IT operations. Elements like virtualisation, cloud computing and mobile computing are now commonplace, which means companies will need to revisit security policy and adapt to a constantly evolving governance and compliance environment.
Regulatory mandates affecting industries such as healthcare and financial services require enterprises to continually realign their business and security goals. Financial institutions, for example, move huge volumes of data across their business interaction networks every day. While they routinely mitigate the associated risks using secure email policies, this mitigation often restricts the size of the files employees can send. Invariably, this kind of limitation leads employees to use unsecured personal email accounts to send business-critical files, thus increasing the risk that sensitive or proprietary data will be intercepted by unauthorised recipients.
The Information Commissioner's Office is authorised to issue punitive fines of up to £500,000 for serious breaches of the Data Protection Act. In addition, high-value payment flows must comply with industry and government regulations and satisfy service-level agreements. Consolidating all transactional data in order to provide full visibility into payment processes as they occur can help financial institutions meet stringent industry standards and achieve regulatory compliance.
As for data exchange, by integrating managed file transfer software with corporate email clients, companies can enable employees to send large files from secure servers, significantly reducing the chances of costly data loss. And managed file transfer software can produce comprehensive audit trails to assure regulatory compliance.
Any regulated business that extends its networks beyond the enterprise firewall will be subject to complex regulatory mandates at every turn. Yet, despite these challenges, it's imperative that security doesn't become a barrier to business interactions.