A recent report by MarketsandMarkets™ predicts that the EFSS market will grow from $9.4 billion in 2023 to $35.5 billion in 2028. Reasons cited for this growth include the increase in Banking, Financial Services, and Insurance (BFSI) sector organizations using EFSS to achieve compliance, while also facilitating seamless enterprise file collaboration needs. Many EFSS solutions […]
A recent report by MarketsandMarkets™ predicts that the EFSS market will grow from $9.4 billion in 2023 to $35.5 billion in 2028. Reasons cited for this growth include the increase in Banking, Financial Services, and Insurance (BFSI) sector organizations using EFSS to achieve compliance, while also facilitating seamless enterprise file collaboration needs. Many EFSS solutions allow enterprises to securely share documents of a sensitive nature.
While these general insights hold true, not all EFSS solutions are created equal, in terms of security, reliability, and compliance-friendly features. With its latest release, FileCloud has encompassed several enhancements, including some important additions to its already comprehensive Compliance Center.
Existing FileCloud customers have already benefited from the ability to adhere seamlessly to important privacy regulations. Through its Compliance Center, FileCloud already facilitated the following:
With the latest release, FileCloud has added two more important templates to its Compliance Center:
The FileCloud Compliance Center
These days, regulators expect businesses to treat compliance as part of an overall Governance, Risk, and Compliance (GRC) strategy. Compliance is now a deeper endeavor than the box-ticking exercise that it was in times past. With the ever-growing complexity of the global data landscape, compliance is now often a major operation. Governments and regulations now dictate that organizations need to develop detailed GRC frameworks to handle the increasing challenges of safeguarding sensitive data and guard against shadow IT and SaaS sprawl.
From the outset, compliance and security have been the backbone of FileCloud's solution. While FileCloud is as easily adopted as a consumer-grade offering, it's also much more secure, due to its multi-layered security features and zero trust architecture.
FileCloud is consistently enhancing its product offerings to support customers' needs in a constantly evolving global business environment. The latest FileCloud release offers a variety of new enhancements that illustrate FileCloud's commitment to offering the most secure, yet user-friendly file-sharing product in today's marketplace.
FileCloud already provides regulatory support to hundreds of organizations worldwide through its Compliance Center, which is available in the FileCloud admin portal. With its guidance for complex regulations such as ITAR, HIPAA, and GDPR, the templates within the Compliance Center give real-time information on organizational adherence to best practices. Where compliance is lacking, the Compliance Center offers information on necessary configurations to put in place to achieve full compliance.
With its latest release, FileCloud adds to the suite of regulations that can be closely managed and monitored via its Compliance Center. Customers are now further empowered by the addition of NIST 800-171 and the Saudi Arabian Personal Data Protection Law (PDPL).
The National Institute of Standards and Technology (NIST) in the U.S. produced NIST 800-171 to provide guidance on the use of controlled unclassified information (CUI). All organizations that process CUI on behalf of the U.S. government must be compliant with NIST 800-171.
FileCloud has now made it easier for federal contractors to meet these requirements by adding a NIST 800-171 tab to its Compliance Center. This allows simpler monitoring of the detailed best practices within the guidance. Admins can now adjust FileCloud configurations to ensure full adherence to NIST 800-171 and ensure that all data that is categorized as CUI remains secure and compliant.
NIST Section of FileCloud Compliance Center
The Kingdom of Saudi Arabia is constantly growing as a major hub of business for the MENA region and globally. The country has embarked on a project of rapid digital transformation as part of its ambitious Vision 2030 framework. Accordingly, its initiatives encompass both government and private sector organizations. As such, Saudi Arabia has enacted legislation to ensure cybersecurity standards and data privacy for all of its citizens.
Part of this initiative is the PDPL, which was enacted by the Saudi government in 2023. This privacy law is similar to the GDPR in terms of both stringency and punitive measures for compliance failures. In fact, the Saudi government requires all organizations that handle the personal data of Saudi residents to be PDPL-compliant.
The Compliance Center in FileCloud's admin portal enables organizations to adopt the PDPL seamlessly. Specifically, it provides a list of the main PDPL best practices. Moreover, it maps these to system information on compliance violations and instructions on the configurations required to fix them. As with other regulations, the Compliance Center also provides notifications of PDPL violations. It empowers those managing data protection to take prompt action by way of mitigation.
PDPL Section of the FileCloud Compliance Center
FileCloud provides an excellent File Storage / File Sharing platform that is CMMC compliant via their GovCloud offering. This is the entire reason we signed up with FileCloud, and it has allowed us to get a big jump on CMMC compliance. - IT Manager, Manufacturing Industry.
We use FileCloud for secure file sharing for all of our customers. It is easy to deploy, set up, and maintain. I also use FileCloud very often to transfer secure documents or installers to and from vendors and clients. We have many clients who are required to be CMMC or HIPPA compliant, both of which we've accomplished through FileCloud. - Project Manager, IT Services.
For us, compliance is the biggest problem that is being solved with FileCloud. It's difficult to find services that are approved for the various compliances we need to follow and FileCloud fits us perfectly. The realization of assurance is easily the biggest benefit considering how stressful compliance can be. - IT Manager, Defence & Space.
FileCloud is an excellent tool for ensuring ITAR compliance, and the best customer support available! - Managing Director.
FileCloud's Compliance Center is only one of many features that add value to the product. Certainly, it is much more than a consumer-grade file-sharing platform. Further advantages of FileCloud include its on-premises and online options, robust security, and versatility in relation to integrations and storage options. In fact, FileCloud has everything you need to maintain full control over your enterprise data and comply with complex regulations.
If you'd like to see whether FileCloud suits your enterprise requirements, you can sign up for a no-strings trial here.
You may, alternatively, prefer to ask questions about FileCloud by scheduling a demo with a member of our Sales Team.
Written by Deirdre Clancy, Technical Content and Communication Manager
