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Management of Confidential Data Exchange
In the world of cybersecurity, a lot of attention is given to safeguarding sensitive data from being lost or exposed. However, many organizations fail to realize that the data they manage is also susceptible in the process of transfer. This is particularly the case when data is shared between customers, partners and business associates.
The management of confidential data exchange is crucial to preventing data http://dataroomhk.com/why-do-ma-deals-fail/ breaches and maintaining trust with stakeholders, customers, and business partners. The reality is that security breaches that expose confidential data can be devastating to brand image and confidence among customers. This is especially true in the healthcare industry where HIPAA requires that healthcare facilities are able to share patient data electronically.
Different industries are no different. Retailers and ecommerce platforms need to secure their customers’ private information when they purchase goods online, while educational institutions need to keep student records private to avoid identity theft. Financial institutions needs to ensure that sensitive documents are safe when they exchange files to business partners.
While protecting specific areas on servers, systems and even in the cloud is an important aspect of securing confidential data however, this method can be inflexible for businesses who regularly collaborate with third-party companies and require sharing of 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.
