Cloud-Based File Transfer Software Sharetru PPT- OCT 1

1. Sharetru Cloud-Based File Transfer Software | Sharetru

2. Why Financial Services Needs GLBA- Compliant FTP Sites Importance of protecting sensitive financial data Regulatory requirement under GLBA for financial institutions Role of FTP sites in secure data exchange

3. What is GLBA? GLBA = Gramm-Leach-Bliley Act (enacted 1999) Protects consumers’ nonpublic personal financial information Requires financial institutions to ensure confidentiality, integrity, and security of customer data

4. Why GLBA Compliance Matters Legal obligation: noncompliance carries penalties Reputation risk: data breach can damage trust Financial impact: Breach costs can be huge Competitive differentiation: demonstrating strong security practices

5. The Role of FTP in Financial Data Exchanges FTP sites are commonly used for bulk transfers and automated processes Without appropriate safeguards, FTP is vulnerable to interception or misuse Need for “FTP with compliance” to bridge usability and security

6. What Makes an FTP Site GLBA-Compliant Encryption in transit and at rest to protect data User permissions / role-based access controls to limit who sees what Audit logging & reporting to track all access and changes Provider responsibility for maintaining GLBA posture Secure configuration and maintenance (patching, hardening, etc.)

7. Benefits of Using a GLBA-Compliant FTP Provider Offloads regulatory burden from your team Better assurance of strong security controls Simplifies internal compliance auditing Protects customer data and reduces risk of breaches Enables safer, automated file transfers

8. Risks of Non-Compliant FTP Usage Exposure to data breaches and leaks Violations of GLBA with legal / regulatory consequences Loss of customer trust and reputational harm Financial losses from remediation, fines, litigation

9. Key Evaluation Criteria for FTP Providers Does the provider support GLBA compliance by design? Are encryption, role-based access, and audit features robust? What level of responsibility and assurances do they take? How well do they maintain and secure their infrastructure? What is their track record, certifications, and transparency?

10. Conclusion & Call to Action GLBA compliance is mandatory for financial institutions exchanging data via FTP Use FTP providers that are already GLBA-compliant to reduce risk Evaluate providers carefully for security, auditability, and regulatory alignment Thank you! For more info, visit sharetru.com or contact us for a demo