In the world of cybersecurity, lots of focus is paid to safeguarding sensitive data from being lost or exposed. Many companies do not realize that the information they manage is at risk when it comes to transfer. This is especially the case when data is shared https://dataroomhk.com between customers, partners, and business associates.
The protection of confidential data exchanges is essential to safeguard against breaches and maintain trust with customers, stakeholders and business partners. Security breaches that expose confidential data can be devastating to reputation and trust of customers. This is especially true in the case of healthcare where HIPAA requires that healthcare facilities have a secure means to share patient records electronically.
The same goes for other industries. E-commerce and retail sites have to protect the personal data of their customers when they purchase products on the internet. Institutions of higher education are required to protect student records in order to guard against identity theft. Financial institutions must ensure that sensitive files are protected when they send files to business partners.
While protecting specific locations on systems, servers, and even in the cloud is a critical aspect of securing confidential data This approach can be inflexible for businesses that 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.