The GDPR has organisational wide implications on Financial Services as they deal with large amounts of personal data, which is typically highly sensitive in nature. Just under half of global financial services organisations have been subject to a data breach, with over 20% being breached more than once. Having the right file sharing and data transfer solutions is a key step to achieving compliance and avoiding the most common data breaches.
Wizuda
Compliant
File Share
Wizuda
Compliant
Data Transfer
Compliant File Sharing for Financial Services
Wizuda Compliant File Share (CFS) provides a secure way for your organisation to share personally or commercially sensitive data internally and externally with third parties. Wizuda CFS replaces sending such data over email, which is inherently insecure, and removes the need to transfer large files using methods such as USB, WeTransfer and Dropbox.
The secure file share features, coupled with a multitude of compliance features, enables your organisation to share information securely and in compliance with the GDPR.
Some of the benefits to using Wizuda CFS
- Avoid the most common data breaches which occur over email.
- Secure and protect your data – automatic encryption of data both at rest and in transit.
- Reduce risk of ransomware attacks.
- Know and control where your data resides.
- Prevent data leaving your organisation from going to undesired domains and countries.
- Control who can access the data, and from where, internally as well as externally.
- Streamline organisational file share processes with one centralised solution.
Why Wizuda CFS?
A more efficient and secure way of sharing data which will clearly show your customers how seriously you take GDPR compliance.
Put more controls and workflow approvals in place to proactively mitigate risks of a data breach.
Robust reporting that can easily pass a data protection audit around file sharing/ data transfer activities.
Compliant Data Transfer for Financial Services
The Wizuda Compliant Data Transfer (CDT) solution enables IT to secure and manage the movement of critical data within your organisation and with external parties from one centralised solution. Guaranteed file delivery, full audit trails, automated health checking, and instant reporting on all transfer activities; Wizuda’s fully scalable CDT solution enables you to increase operational efficiencies and regain full control of your organisation’s file transfers.
Built with Privacy by Design, it provides a centralised hub with the compliance elements needed for the management of all organisational data transfers in accordance with the GDPR requirements.
Some of the benefits to using Wizuda CDT
- One centralised solution for the management and automation of all your organisations data transfers.
- Proactively identify issues before they impact the business.
- Reduce exposure to cyber-attack and single points of failure.
- Increase control and visibility of all transfers and demonstrate compliant processes.
- Reduce overheads by moving to one centralised secure scalable platform.
- Get real-time maps of our organisation’s data transfers.
- Enable IT to demonstrate compliant data transfer processes and pass audits more easily.
Why Wizuda CDT?
To proactively identify file transfer issues before they impact the business.
Reduce exposure to cyber-attack by replacing insecure ad hoc scripted batch processes and bespoke tools with one centralised solution.
To get real-time maps of your organisation’s data transfers and demonstrate compliant processes.
What our clients say
The StubbsGazette Case Study
Working with a range of clients from local SME’s to major multinationals since 2008, StubbsGazette is a market leader in business information, credit referencing, compliance, debt recovery and associated software solutions in Ireland.
As part of their overall GDPR compliance programme, sourcing the right solution for their file sharing activities was key, due to the highly sensitive nature of the information they work with. James Treacy, Managing Director of StubbsGazette explains: “We felt there was a big need to introduce a GDPR Compliant File Share solution in StubbsGazette. We carry out a number of extremely important and sensitive processes on behalf of our customers, including screening for anti-money laundering purposes, politically exposed people checking, credit checking, and debt collection. This requires a lot of highly sensitive information to be shared internally and externally so it was of utmost importance for us to have a compliant file share system in place.”
As well as this, some of StubbsGazette’s clients were struggling to understand how to use the current system they had in place and it was causing issues with integration. Mort O’Sullivan, CTO of StubbsGazette said: “Before we implemented Wizuda’s CFS solution we had our own SFTP server where we had to create encryption keys for our clients and pass them on with a guide on how to use these. We found a lot of our clients were calling us with issues regarding permissions for installation of an SFTP client, and also found that some clients weren’t familiar with what an encryption key was and how to implement it. With this system, we had no real audit trail outlining what happens with each file.”
Wizuda’s CFS solution was the perfect solution for StubbsGazette, providing them with a highly secure, easy-to-use, and GDPR compliant file sharing platform. StubbsGazette can now share files internally and externally and interactions with clients has become much simpler.
“Our company has benefited from implementing Wizuda’s CFS solution by giving us great comfort in knowing that all the data we are sending to our customers, suppliers, and third parties is being treated securely and is only available to the people that require it. Wizuda’s CFS solution really helps us demonstrate to our customers that our file sharing systems are secure with auditing and reporting features and it enables us to prove we are handling their data compliantly under the GDPR,” said James Treacy.
“With Wizuda’s CFS solution, the audit trail provides us with full visibility of what was transferred, who it was transferred by, how many times a file was downloaded, auto deletion of files after a certain period, and all of this is configurable per individual client.”
Wizuda’s CFS solution has also led to an increase in business at StubbsGazette: “Wizuda’s CFS has enabled us to demonstrate to our customers that our data transfer systems were very secure and there was an auditing and reporting system in place, so our customers could see how we treat their data. Not only has this increased trust among our customers, it has also increased business from them as a result”, explains James.
James Treacy added “Implementing Wizuda’s CFS solution has been a key part of our overall GDPR compliance programme, and we have been actively recommending Wizuda’s CFS to our clients in helping them prepare for GDPR.”
Some of our Clients
