In the world of cybersecurity, there’s an emphasis paid to protecting sensitive data against loss or exposure. Many organizations don’t realize that the information they manage is vulnerable during the transfer process. This is usually the case when information is shared with partners and www.dataroomhk.com customers as well as business associates.

The protection of confidential data exchanges is vital to ensure that breaches are not made and maintain confidence with stakeholders, customers and business partners. Security breaches that expose confidential information do irreparable damage to brand image and confidence among customers. This is especially true for healthcare in which HIPAA requires that healthcare facilities have a secure means to transfer patient records electronically.

This is also true for other industries. Retailers and e-commerce platforms must ensure the security of their customers’ personal data when they purchase products online, while educational institutions must keep their student records private to avoid identity theft. Financial institutions must ensure that sensitive documents are protected when they send files to business partners.

While protecting specific areas on servers, systems and in the cloud is a crucial aspect of securing confidential data however, this method can be inflexible for businesses who regularly work with third parties 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.