In the world of cybersecurity, there is an emphasis paid to safeguarding sensitive data from exposure or loss. However many organizations fail to realize that the data they manage is also at risk in the process of transfer. This is especially true when information is shared between partners, customers, and business associates.

The management of confidential data exchanges is vital to avoid breaches and maintain trust with customers, stakeholders and business partners. Security breaches that reveal confidential information can have a devastating effect on brand reputation and customer trust. This is especially true for the healthcare industry and the healthcare industry, where HIPAA mandates that facilities have a secure means to share patient records electronically.

Other industries are no different. Retailers and ecommerce platforms need to secure their customers’ private information when they buy products online, while education institutions need to keep the student’s records confidential to prevent identity theft. The financial sector must ensure that sensitive documentation is protected when transferring files to business partners.

While protecting specific areas on servers, systems and even in the cloud is an essential aspect of handling confidential data however, this method can be not flexible for businesses that frequently work with third parties and need to share confidential documents. Alternatively, businesses can rely on www.dataroomhk.com 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.