Data leakages in transfers, why businesses must be more cautious than ever?

In this data-centric business era, data has become essential to business operations. Therefore, data leakage represents the most severe risk for any business, especially in the transition to remote workspaces. Businesses invest heavily in security measures to prevent cyber threats from impacting the transfer process of data exfiltration. Despite many research efforts on safeguarding sensitive information have been conducted, businesses continue to struggle with dire security challenges.

Modern data breach statistics

According to Ponemon Institute’s 2022 Cost of Data Breach Report, the average consolidated cost of a data breach has reached the all-time high of $4.4 million, marking a 2.6% increase from a year ago and a 13% jump since 2020. Another critical number is that 83% of organizations across industries have experienced more than one security breach in their lifetime. Many of the highest-cost breaches involved critical infrastructure sectors, leading the critical infrastructure to become an increasingly tempting target for both nation-state attackers and cybercriminals in recent years.

Costs of data breaches to an enterprise

The extreme challenge for today’s IT operations teams is how to control the transfer of sensitive data across systems without obstructing legitimate business operations and incurring cyber risks. Businesses that apply free, unsecured, insufficient file transfer technologies endanger themselves with packet loss, ransomware, phishing, reconnaissance, and a whole range of cyber threats, leading to data exfiltration.

Many industries request to share Personally Identifiable Information (PII), including copies of passports, driver’s licenses, bank details, patient details, financial status, etc., for compliance purposes. However, with the imposition of regulatory compliance mandates, businesses must be extremely vigilant than ever in implementing new file transfer technologies to the system. Deploying unreliable file transfer technologies can lead to data exfiltration of PII, the most valuable asset of every business. Leakage of PII and other sensitive information introduces businesses to severe financial and reputational sanctions, devasting the long-term stability of the business.

Transfer digital assets with double integrity verification

The most reliable alternative for businesses against ever-advancing decryption technologies of cyber-terrorism is to deploy an enterprise-class file transfer solution, enabling an end-to-end approach that autonomously surveillance the whole process from the endpoint of senders to the endpoint of receivers, with all files transported across the systems securely. With the double integrity verification technology, Exabyter provides constant technology layers to counter the infiltration of cyberattacks throughout the system.

How does the double integrity verification technology work?

File alterations occur due to cybercriminals infiltrating the networks using decryption algorithms or malignant codes embedded into files in transport. To remediate these risks, Exabyter implements an end-to-end approach by verifying file integrity twice (each block of the file, and then the whole file again).

Specifically, each file will be encrypted before transferring to ensure the highest security for files if cyberattacks occur. Then the files will be compressed into one bulk file and encrypted again to create two technology layers. Then the total file will be sent, only when the bulk file successfully reaches the end-point address, the system will run a decryption program to read the data in the files.

Even if an altered part of a file is detected, only that part will be automatically retransferred to ensure the precision and reliability of the transfer.

About INNORIX, the Exabyter provider

INNORIX, with over 20 years of experience in the development of file transfer technology, has continuously upgraded Exabyter to transfer data at enterprise-level security regardless of file size, types, transmit distances, and network conditions. Constantly updating encryption algorithms to counter the ever-evolving decryption algorithms of cyberterrorists, Exabyter provides a file transfer solution with optimum reliability and security for partners.

Exabyter is trusted to be deployed by enterprises all over the world to transfer business-critical digital assets.