With cyber threats only growing in sophistication and frequency, businesses face unprecedented challenges in safeguarding their sensitive data. Cybercrime is projected to cost a staggering $10.5 trillion annually by 2025, according to a report by Cybersecurity Ventures. This highlights the urgent need for organizations everywhere to fortify their defenses to protect against cyber threats and secure their valuable assets.

Embracing proactive security measures

Businesses rely on apps and data, and keeping them secure is paramount. In response to escalating threats and an ever-changing security landscape, organizations are taking proactive security measures to stay ahead of potential cyber attacks.  

Consider identity access management (IAM), which is essential for businesses to operate securely in our interconnected world. The Cyber Express expects spending on IAM to grow by 14.8% in 2024 as organizations prioritize secure and seamless access for employees and users. This not only reflects the need to protect critical software from vulnerabilities and attacks, but it also highlights the growing recognition by businesses of the importance of taking action before becoming the target of a cyber attack to mitigate risk and safeguard critical assets. 

Mitigating data breach concerns

We’ve all seen the reports of data breaches in the news. And the frequency (and scale) are increasing rapidly. These infiltrations by bad actors are a real concern for technology leaders in organizations worldwide, as they should be. According to IBM Security’s Data Breach Report, the average cost of a data breach in 2023 was $4.45 million. 

But the implications of a data breach go beyond monetary losses — a business’ reputation can be irrevocably damaged. Data breaches pose a significant threat to organizations, and IT leaders must implement robust security measures to protect sensitive data and mitigate the risk of breaches.

Automated threat remediation with ShareFile

At ShareFile, we know how important it is to have security that protects access and critical data and other assets without getting in the way of work. We’re constantly looking for new ways to enhance our security offerings to protect our users and their customers. 

One of the latest innovations we’ve introduced to ShareFile is automated threat remediation. This technology proactively detects and addresses security threats without requiring manual intervention. For example, if a security threat is detected on the account, ShareFile automatically executes a password reset so you can’t log in without creating a new password.

This technology offers several key advantages:

Faster response times

• Automated remediation significantly reduces the time it takes for organizations to react to security threats. When it comes to containing a breach and minimizing damage, every second counts. 
   

Enhanced accuracy and consistency

• Automation eliminates human error from the equation, ensuring consistent and accurate application of security protocols across the platform.
   

Reduced reliance on security teams 

• By automating the response to routine threats, security teams can focus on more complex security challenges and strategic initiatives.
   
   

As cyber threats continue to evolve, an organization’s security capabilities must keep up. ShareFile's automated threat remediation capabilities empower users and their clients to mitigate the risk of cyber threats and protect sensitive data with confidence.

ShareFile is built secure and compliant, and we have deep experience working with regulated industries to support businesses with the most demanding security and compliance requirements. Learn how ShareFile can help you protect your data.