Protecting Sensitive Files in International Deals
When businesses are in the process of negotiating international deals, they typically share confidential information with each other. This can include financial information, business operations, or figures on inventory. By putting in place protocols to safeguard sensitive information businesses can keep the trust of their colleagues and avoid leaks.
Depending on the risk level the various protocols are in place to safeguard this data. Highly sensitive data can pose a risk to an individual or an organization if it is breached and must be restricted to only those who are authorized to handle it. This includes confidential employee information, board documents and personally identifiable information.
The release of moderately sensitive data is likely to cause only minor harm to the individuals or organizations concerned. This includes information about plans for construction, donors’ documents and information regarding IT services.
Business executives are increasingly concerned about hypersensitive files in international transactions. These files are often regarded as the most valuable assets of a business and pose a heightened risk to sensitive files in international deals get into the wrong hands as they often contain monetary information, personal data or operating secrets. This type of information, when lost, misused or accessed in a way that is illegal, can be detrimental to the security of the country and federal programs as well as the privacy rights that individuals have under the Privacy Act. This type of information is also known as controlled non-classified information (CUI). To protect these files, businesses must ensure that they are tagged, cataloged and stored effectively across boundaries.