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Management of Confidential Data Exchange

In the world of cybersecurity, there is much attention given to protecting sensitive data against exposure or loss. Many organizations do not realize that the information they manage is vulnerable during the transfer process. This is typically the case when information is shared with partners and customers as well as business associates.

The management of sensitive data exchanges is essential to ensure that breaches are not made and maintain trust with customers, stakeholders and business partners. The reality is that security breaches that expose sensitive data can be devastating to brand reputation and customer confidence. This is especially true in the healthcare industry where HIPAA requires that hospitals have a secure means to share patient records electronic.

The same is true for other types of industries. Retailers and ecommerce sites must ensure the security of the personal information of their customers when they purchase products on the internet. Educational institutions are required to keep student records confidential to avoid identity theft. Financial institutions must ensure that sensitive documents are secured when they transfer files to business partners.

While protecting specific locations on servers, systems, and even in the cloud is an important aspect of handling confidential data, this approach can be not flexible for businesses that frequently 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.

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