Executives are becoming more concerned about international deals that involve hypersensitive files. These sensitive data files — the crown jewels for companies — carry the risk of falling into the improper hands, as they typically contain personal information, financial data, or trade secrets. This type of data, whether lost and/or misused or accessible, can negatively impact the security of the country and federal programs, as well as the privacy of individuals as defined by the Privacy Act. Check out controlled nonclassified data (CUI).
The information is classified as moderately sensitive. While there is a legal requirement to safeguard this type of information, it would only cause small harm to the individuals and organizations involved. This includes information about building plans donor records, as well as information regarding intellectual property IT service information, visa and other travel documents. International businesses must to identify and classify the information that falls under GDPR’s regulations for PHI, HIPAA’s regulations for PI and LGPD’s NY SHIELD, CCPA and more, and ensure that it is stored in a timely manner across borders.
To ensure that sensitive files are secure, businesses should implement a variety of best practices, including proper marking, cataloging and disaster recovery on-site and off-site, and monitoring for indicators of possible problems. A digital data room program is a way to do this. This software allows businesses to store and share documents in a cloud-based, secure environment.
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