In the worlds of cybersecurity, there is much focus given to protecting sensitive data against loss or exposure. However, many organizations fail to realize that the data they manage is also susceptible when it comes to transfer. This is especially relevant when data is shared between partners, customers, and business associates.
The management of sensitive data exchanges is essential to prevent breaches and keep trust with stakeholders, customers and business partners. Security breaches that expose sensitive data can be devastating to the reputation of a brand and also to the confidence of customers. This is especially relevant in the field of healthcare in which HIPAA requires that healthcare facilities be able to share patient information electronically.
The other industries aren’t any different. Retailers and e-commerce platforms must safeguard their customers’ personal data when http://dataroomhk.com/the-importance-of-a-data-software-in-regulation-and-compliance/ they purchase products on the internet, while educational institutions must keep students’ records private to prevent identity theft. And, the financial sector should ensure that sensitive documents are secured when sharing documents to business associates.
Although safeguarding specific locations in servers, systems, or the cloud is an essential aspect of handling confidential information, this technique could be unsuitable for companies that frequently work with third parties and need 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.