Cyber-Ark Software Inc has improved the governed file transfer system that is used by banks, insurance and pharmaceuticals companies and the like to exchange sensitive information with third parties.
The Inter-Business Vault system is a secure business file-transfer platform that ensures files are always delivered to their destination, to guarantee compliance with regulation and security practices that apply to various types of sensitive messaging data.
The latest development of the software sees the addition of better workflow processes, features that allow interrupted file downloads to be resumed rather than restarted, and improved support for standard Secure File Transfer Protocol based scripts or clients.
The company said use of this sort of system replaces FTP and home grown file-transfer processes which are unsecure. It also allows for higher levels of automation of file-transfer operations currently operated manually using CDs, couriers or USB flash drives, which can be expensive, unreliable, time consuming and prone to errors.
It is built around the company’s vaulting technology, which is also a key part of the Cyber-Ark Privileged Identity Management suite, which holds and enforces enterprise policies for credential management.
Cyber-Ark is one of pioneers in the shared-account password management market, a segment that is being pushed along by mounting compliance obligations and regulations like SOX and the payment card industry (PCI) data security standard which require personal accountability.
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In this scheme, the vault provisions a one-time password to administrators or power users each time they need to access a sensitive system.
The company said its Inter-Business Vault will “log and track all document accesses, modifications and transfers, to provide a regulatory compliant infrastructure for the external sharing and transfer of highly sensitive information between organisations over the internet.”
