women sending secure files

Data is the lifeblood of businesses across the globe. From crucial records to sensitive communication, the importance of digital files cannot be overstated. However, with the increasing reliance on digital data, the need for robust security measures, especially in third-party file transfer solutions, has never been more critical.

Recent findings from a report by Varonis paint a concerning picture of data security challenges in the digital era. These statistics underline the urgency of secure file transfer and storage solutions:

Wide Open Access: Shockingly, nearly 60% of companies had over 100,000 folders open to all employees. Such widespread accessibility poses a high risk of unauthorized access to sensitive data.

Accessibility Concerns: Astoundingly, 21% of all folders were accessible to every employee, amplifying security vulnerabilities.

These findings underscore the need for a comprehensive and secure file transfer solution, and that’s where Galaxkey steps in.

Galaxkey – Your Answer to Secure File Transfer

Are traditional methods of sharing large files, primarily through email and the SMTP protocol, still viable? The limitations imposed by SMTP on data transfer size have made secure file transfer a necessity rather than an option. While cloud-based file transfer services like Dropbox, Box, MoveIT, SharePoint, and WeTransfer offer convenience, businesses using them must rely on the security and encryption measures provided by these platforms.

Recent security breaches, such as the one experienced by MoveIT, serve as stark reminders that even companies with robust security measures can be compromised if their chosen platforms are vulnerable.

The MOVEit Transfer Software Breach

The MOVEit Transfer software breach serves as a chilling example of cloud service vulnerabilities:

  • Over 1,000 known victim organizations.
  • More than 60,000,000 individuals impacted.
  • 83.9% of victim organizations based in the U.S.
  • Estimated breach costs exceeding $9.9 billion.
  • 11 million individuals’ health information was accessed.
  • A significant portion of vulnerable MOVEit servers belonged to financial service-related organizations.

Vital File Storage Policies

Secure file transfer goes beyond using a secure protocol during file transfer. It involves comprehensive file storage policies, including:

  • Identity-based encryption at rest to prevent unauthorized access.
  • Retention policies for files at rest and when shared.
  • Mechanisms to prevent the upload of explicit content.
  • Comprehensive audits of file access.
  • Compliance with various regulatory requirements.

Access Control, Auditing, and More with Galaxkey

Galaxkey offers a holistic solution to secure file transfer and collaboration challenges:

  1. Access Control: Customize access levels for different users based on their roles and responsibilities to ensure only authorized personnel can access specific files.
  2. Audit Trails: Detailed audits of files and user actions for accountability and traceability.
  3. Geo-Fencing: Restrict access to users from specific geographic locations to enhance data protection.
  4. File Size & Format Control: Manage file size and allowed formats for better data management.
  5. Single Sign-On: Implement single sign-on with Active Directory and Azure Active Directory for a seamless user experience.

Why Choose Galaxkey?

Galaxkey’s Secure Workspace offers a wide array of benefits:

  • Triple Encryption: All files are stored in a triple encrypted format, guaranteeing the safety of sensitive data.
  • Version Control: In-built version control allows roll-back to previous versions, providing additional security.
  • Virus & Content Scanning: Scans for viruses and explicit content during uploads for enhanced security.
  • Time Limits: Set time limits to shares to ensure files are only available for a specific period.
  • Federated Implementation: Galaxkey can be set up within your business network with encryption keys stored in-house for total control.
  • Outlook Integration: Send large files directly from Outlook for user convenience.

Securing Your Business Data with Confidence

In a world where security breaches can have far-reaching consequences, Galaxkey’s Secure Workspace offers the assurance that your files are consistently protected, both at rest and in transit. Its user-friendly interface empowers end-users to securely create and share files without requiring administrative support.

Galaxkey helps businesses comply with data protection regulations such as GDPR, CCPA, HIPAA, and GBLA, ensuring that even in the event of a breach, customer information remains secure.

Don’t let your valuable information become a victim of cyber threats. Embrace the power of secure file transfers and step into a future where your data’s safety is guaranteed with Galaxkey. Secure your business’s critical data today!

If you’d like to download a PDF of this use case, simply click here. We hope you find it valuable!