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In the world of cybersecurity, much focus is given to safeguarding sensitive data from being lost or exposed. However many organizations fail to acknowledge that the data they manage is also susceptible during the transfer process. This is particularly the case when data is shared between partners, customers and business associates.
The management of confidential data exchange is vital to preventing breaches and maintaining confidence with stakeholders, customers as well as business partners. Security breaches that expose confidential information can cause irreparable damage to the brand’s reputation and trust. This is especially applicable to healthcare where HIPAA requires facilities to have a secure method to transmit patient records electronically.
The same goes for other industries. Retailers and ecommerce platforms must safeguard their customers’ personal information when they purchase products online, while education institutions need to keep the student’s records confidential to prevent identity theft. And, the financial sector must https://dataroomhk.com/why-do-ma-deals-fail ensure that confidential documentation is protected when transferring documents to business associates.
While securing specific locations within systems, servers or the cloud is an important aspect of handling confidential information, this technique may be inflexible for companies that frequently work with third-party companies and have to share confidential documents. Alternatively, businesses can rely on encrypted software solutions like those from Anjuna, CanaryBit, CYSEC, Decentriq and others that use encryption and zero-knowledge proofs to allow for confidentiality-preserving sharing.
