In the world of cybersecurity, there’s much attention given to protecting sensitive data against loss or exposure. Many companies do not realize that the information they manage is at risk when it comes to transfer. This is especially applicable when information is shared between customers, partners, and business associates.
The management of sensitive data exchanges is essential to safeguard against breaches and keep confidence with stakeholders, customers and business partners. The reality is that security breaches that expose confidential information do irreparable damage to brand image and confidence among customers. This is particularly true in the healthcare industry and the healthcare industry, where HIPAA requires that hospitals have a secure means to share patient records electronically.
Different industries are no different. Retailers and e-commerce platforms must protect their customers’ personal data when they purchase products online, while educational institutions must keep their students’ records private to prevent identity theft. The financial sector should ensure that sensitive documents are safe when they exchange files with business associates.
While securing specific locations on systems, servers, and in the cloud is a crucial aspect of managing confidential data This approach can be inflexible for businesses who regularly 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.
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