The document discusses challenges with file transfer including lack of security, audit trails, and preventing data breaches. It notes that many companies are using insecure cloud services or homegrown file transfer systems that are costly and do not meet security standards. This puts companies at risk of data breaches, non-compliance with audits, lost productivity from IT professionals having to manage these insecure systems, and inability to track who shares files externally. Better managed file transfer solutions are needed to address these issues.