Management of Confidential Data Exchange

In the worlds of cybersecurity, there is much attention given to safeguarding sensitive data from exposure or loss. However most organizations fail acknowledge that the data they manage can be vulnerable during the process of transfer. This is often the situation when information is shared with partners and customers or business associates.

The security of sensitive data exchanges is essential to prevent breaches and keep trust with customers, stakeholders and business partners. The fact is that security breaches that expose sensitive information can cause irreparable damage to brand reputation and customer confidence. This is especially true in the case of healthcare where HIPAA requires facilities to have a secure method to transmit patient records electronically.

The same goes for other types of industries. Retailers and ecommerce platforms need to ensure the security of their customers’ personal information when they buy products online, and educational institutions must keep students’ records private to prevent identity theft. Financial institutions must ensure that sensitive files are protected when they send files to business partners.

While look at here now protecting specific locations on servers, systems and in the cloud is an essential aspect of securing confidential data however, this method can be unflexible for companies that frequently 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.