Why does secure file-sharing matter for financial institutions?

Secure file-sharing is critical for financial institutions to protect sensitive client data, maintain regulatory compliance and maintain customer trust. Given the increasing frequency of cyberattacks and stringent data protection laws like PCI DSS, institutions must ensure that confidential information is exchanged securely. Implementing secure file-sharing solutions helps mitigate risks associated with data breaches, which can lead to significant financial penalties and reputational damage. Platforms like Intralinks' Secure Document Exchange offer robust bank-grade encryption, access controls and audit trails to facilitate safe, secure and compliant information sharing in the financial services industry.