New Research commissioned by Intralinks and conducted by independent research firm Osterman Research highlights significant security and data sovereignty concerns with consumer-focused file sync and share (CFSS) solutions. The report, “The Critical Need for Enterprise-Grade File Sync and Share Solutions” shows that the use of CFSS increases corporate compliance risk, legal costs, data privacy concerns and puts a significant portion of corporate content outside the control of organizational leadership, which can place company data in jeopardy.
“The consumerization of IT has become a much more serious problem over the past few years,” said Michael Osterman, President, Osterman Research. “While a growing number of file sharing tools have the blessing of IT departments, it is important to understand that the proportion of tools used without their knowledge often outweighs those two-to-one. Companies need to focus on enterprise grade tools to regain control over their corporate content.”
The report also highlights the emerging issue of data sovereignty, the concept that content is subject to the laws of the nation in which it is stored. Data sovereignty is an increasingly important issue for all organizations, but particularly for those that operate in multiple jurisdictions, because they may be subject to different, and possibly conflicting, privacy and regulatory requirements.
“Organizations need to consider data sovereignty as a fundamental element of an enterprise-class file sharing and collaboration solution,” said Daren Glenister, Field CTO at Intralinks. “Data privacy regulations have real teeth and threaten very significant fines, in addition to the serious brand damage that can result from non-compliance. It’s vital to work with a solution that will maintain the compliance and governance with data sovereignty regulations that are inherently becoming a concern of IT departments worldwide.”
More than 130 IT decision makers and influencers were surveyed about their file sync and share practices. Key findings from the report include:
- Seventy-five percent are concerned about the level of use of CFSS tools within their organizations.
- Only 8% of those surveyed give their organizations an “A” grade for their management of information security best practices in the context of file-sharing, while 47% give themselves a grade of “C” or lower.
- The prevalence of unsanctioned CFSS is growing. For example, 49% reported the use of Dropbox inside their company, without the blessing or oversight of IT.
- A majority (55%) consider it a priority for the next year to replace consumer-focused products with an enterprise alternative. Nineteen percent have already made this transition.
To Get a Free Copy of the Report
Click here to get a free copy of the research report.
Intralinks and Osterman Research will be hosting a webcast on September 24th to discuss the research and findings. Click here to register for the webcast.
Intralinks Holdings, Inc. (NYSE: IL) is a leading, global technology provider of secure enterprise content collaboration solutions. Through innovative Software-as-a-Service solutions, Intralinks software is designed to enable the exchange and control of information between organizations securely and compliantly when working through the firewall. More than 3.1 million professionals at 99% of the Fortune 1000 companies have depended on Intralinks' experience. With a track record of enabling high-stakes transactions and business collaborations valued at more than $28.1 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration solutions. For more information, visit www.intralinks.com.
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