In the world of cybersecurity, there’s a lot of attention paid to protecting sensitive data against exposure or loss. However many organizations fail to acknowledge that the data they handle is also vulnerable during the process of transfer. This is especially applicable when information is shared between customers, partners, and business associates.
The protection of sensitive data exchanges is essential to avoid breaches and maintain trust with customers, stakeholders and business partners. The fact is that security breaches that expose confidential information can cause irreparable damage to brand reputation and customer confidence. This is particularly true in the healthcare industry and the healthcare industry, where HIPAA requires that healthcare facilities have a secure way to share patient information electronically.
Other industries are not any different. E-commerce and retail sites have to secure the personal data of their customers when they buy products on the internet. Education institutions are required to keep student records confidential to avoid identity theft. Financial institutions must ensure that sensitive documents are protected when they transfer files to business partners.
While safeguarding specific locations on systems, servers, or the cloud is a crucial aspect of handling confidential information, this technique can be inflexible for https://dataroomhk.com/benefits-of-virtual-data-rooms-in-life-sciences businesses who frequently collaborate 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.