What makes LightUp.Cloud different from Dropbox or Google Drive?

LightUp.Cloud is 5x cheaper and 10x faster than competitors, with unlimited users and devices. It offers on-premise hosting for complete data control, multi-datacenter replication, and is specifically tailored for architects, designers, photographers, journalists, and healthcare practices.

Is LightUp.Cloud HIPAA and GDPR compliant?

Yes, LightUp.Cloud supports HIPAA, GDPR, CCPA, and other compliance requirements through on-premise hosting, data isolation, and multi-datacenter deployment options that give you complete control over where your data is stored.

Can I host LightUp.Cloud on my own servers?

Absolutely. LightUp.Cloud offers private on-premise hosting options that are disaster-proof, highly available, and scale as needed. The server-side software is open source and built on Erlang for maximum reliability.

What file sizes can I upload with LightUp.Cloud?

LightUp.Cloud supports unlimited file sizes, including HD videos and live streams. The system is optimized for large media files with multi-cluster replication for CDN, analytics, and transcoding workflows.

How much does LightUp.Cloud cost compared to competitors?

LightUp.Cloud is 5x cheaper than competitors with fixed pricing and no hidden charges. Unlike competitors that charge $720-$3,600 per team with user limits, we offer unlimited users and devices at a fraction of the cost.

Achieving NYDFS Compliance with LightUp.Cloud’s Secure Data Storage

The New York Department of Financial Services (NYDFS) Cybersecurity Regulation (23 NYCRR 500), effective since March 2017, mandates robust cybersecurity measures for financial institutions operating in New York, including banks, insurance companies, and fintech firms. For small and medium-sized enterprises in the financial sector, NYDFS compliance is critical to protect sensitive data, avoid fines up to millions of dollars, and maintain client trust. LightUp.Cloud offers a secure, on-premises file synchronization platform designed to support NYDFS compliance through local data storage, comprehensive audit logs, and stringent access controls, empowering businesses to meet New York’s rigorous standards.

Understanding NYDFS Cybersecurity Regulation

The NYDFS regulation requires covered entities to implement a cybersecurity program addressing key areas: risk assessments, data encryption, access controls, audit trails, and incident response. It aims to protect consumer data, such as financial records, personal identifiers, and transaction details, from breaches. Key requirements include:

Cybersecurity Program: Maintain policies to protect data and systems.
Access Controls: Limit access to authorized personnel.
Encryption: Secure data in transit and at rest.
Audit Trails: Log system activities for at least three years to track access and changes.
Data Governance: Ensure data is stored securely and disposed of appropriately.

Financial institutions, including small fintech startups, must comply to safeguard client data and avoid penalties enforced by the NYDFS.

LightUp.Cloud’s Role in NYDFS Compliance

LightUp.Cloud, built on the Open Telecom Platform using the Erlang programming language and powered by Riak CS, is engineered with security features to align with NYDFS requirements. Its on-premises architecture ensures financial institutions can manage sensitive data securely, supporting compliance without the risks of cloud-based providers.

Secure Local Data Storage

NYDFS emphasizes secure data storage to protect financial information. LightUp.Cloud supports this by allowing businesses to host file synchronization servers locally or in New York-based datacenters, ensuring data residency and control. Unlike cloud platforms like Dropbox, which rely on AWS servers potentially vulnerable to unauthorized access, LightUp.Cloud’s on-premises model keeps data in a secure environment. With transfer speeds up to 10 gigabits per second via LAN synchronization, financial institutions can efficiently manage large datasets, such as transaction logs or client portfolios, while meeting NYDFS data governance standards.

Comprehensive Audit Logs

NYDFS requires audit trails to track access and modifications for at least three years. LightUp.Cloud’s audit logging feature records all operations—uploads, downloads, deletions, renames, moves, and copies—with timestamps and user details, accessible via a web interface. These logs provide a transparent record, enabling businesses to demonstrate compliance during NYDFS audits. For example, a fintech firm can verify who accessed a client’s financial records, ensuring accountability and supporting the regulation’s audit trail requirement.

Stringent Access Controls

NYDFS mandates limiting access to sensitive data. LightUp.Cloud’s multi-tenancy and granular access controls allow businesses to restrict file access to specific buckets or user groups. Administrators can define permissions, ensuring only authorized personnel, such as compliance officers or account managers, access financial data. The platform’s process isolation, secured by the Erlang Virtual Machine, protects against unauthorized access, aligning with NYDFS’s access control requirements.

Encryption and Data Security

NYDFS requires encryption to safeguard data. LightUp.Cloud employs SSL encryption to secure data at rest and in transit, ensuring confidentiality and integrity. Additional security features include:

File Versioning: Stores daily versions for 365 days, enabling recovery of previous files to mitigate unauthorized changes.
Open-Source Transparency: The fully documented, open-source server allows verification of security practices, fostering trust.
No Data Indexing or Selling: Unlike some cloud providers, LightUp.Cloud does not index or sell data, protecting client privacy.

These measures ensure financial data remains secure, reducing breach risks that could lead to NYDFS violations.

Flexible Deployment Options

For hybrid setups, LightUp.Cloud’s Cloud Development Kit (CDK) automation script deploys private AWS S3 buckets, configured to restrict access, aligning with NYDFS security standards. The S3-compatible API ensures seamless integration, while on-premises hosting remains an option for maximum control, supporting fintech firms managing sensitive transaction data.

Benefits for Financial Institutions

LightUp.Cloud offers significant advantages for small financial institutions seeking NYDFS compliance:

Cost Efficiency: Priced at $588 per year for 5 terabytes and unlimited users, it saves up to five times compared to Dropbox Business ($2,250/year), with no hidden fees.
High-Speed Performance: Rapid file transfers streamline operations, critical for real-time financial services.
Client Trust: Secure, transparent practices enhance confidence among clients, strengthening business reputation.
Compliance Readiness: Audit logs, access controls, and encryption support NYDFS audits, minimizing fines.
Flexibility: Open-source architecture and S3-compatible API eliminate vendor lock-in, enabling seamless integration.

Supporting New York Businesses

With thousands of financial institutions in New York, from small fintech startups to established firms, NYDFS compliance is a pressing need. LightUp.Cloud empowers these businesses to protect sensitive data, streamline operations, and maintain compliance, all while keeping costs low.

Achieve NYDFS Compliance with LightUp.Cloud

LightUp.Cloud’s on-premises platform, with local storage, audit logs, and stringent access controls, supports NYDFS compliance for financial institutions. Deployable with a three-click CDK setup for private AWS S3 buckets, it offers transparent pricing, high-speed performance, and robust security. Visit LightUp.Cloud to ensure compliance and protect financial data today.