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"Secure MFT: Reducing Regulatory Risk in Banking"

This playbook unpacks how, with secure managed file transfer, companies in the financial sector can mitigate regulatory risk and boost security.

For banking, financial services and insurance (BFSI) companies, the price of insecure and unsuccessful file transfers is costly. For instance, a single failed Automated Clearing House (ACH) transfer can cost $250. And in the face of rising, sophisticated cyberthreats, traditional file transfer methods, including email and removable storage like USB drives, are often falling short. This playbook examines a viable alternative: secure managed file transfer (MFT).

Along with exploring how secure MFT can help BFSI companies bolster security and mitigate regulatory risk, the playbook shares common adoption obstacles (downtime concerns, resistance to change, etc.) and how to avoid them. Read it now to learn about:

• The regulatory landscape, including Financial Industry Regulatory Authority (FINRA) rules and the Gramm-Leach-Bliley Act (GLBA)
• 5 steps for implementing secure MFT at your organization
• The benefits of adopting MOVEit MFT software

Offered Free by: Banking Dive's studioID and Progress® MOVEit®
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