Management of Confidential Data Exchange
In the world of cybersecurity, there’s a lot of attention paid to safeguarding sensitive data from exposure or loss. However many organizations fail to acknowledge that the information they manage can be vulnerable during the process of transfer. This is particularly applicable when information is shared between partners, customers and business associates.
The management of confidential data exchanges is essential to avoid breaches and keep trust with customers, stakeholders and business partners. Security breaches that expose confidential information can cause irreparable damage on the reputation of a brand and trust. This is especially true for the healthcare industry in which HIPAA mandates that facilities have a secure method to share patient records electronic.
Other industries are no different. E-commerce platforms and retailers must safeguard their customers’ personal data when they purchase products online, while education institutions must keep student records secret to prevent identity theft. Financial institutions must ensure that sensitive files are secured when they transfer files to business partners.
While protecting specific areas on servers, systems and even in the cloud is an important aspect of handling confidential information This approach can be inflexible for businesses who regularly work with third parties 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.
