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When international companies negotiate deals when they negotiate international deals, they share confidential data between them. This information could include financial information regarding the business, operations or numbers of inventory. By putting in place protocols to safeguard sensitive information companies can ensure trust with their counterparts and prevent leaks.
Depending on the level of risk, various protocols can be employed to protect this information. Highly sensitive data can pose a risk to an individual or business if it’s breached. It must only be handled by those with the authority. This includes confidential employee data such as board documents, and personally identifiable information.
Moderate sensitivity data comprises data that the government has an obligation under law to protect but the disclosure of this type of information will only lead to small damage to the individuals or organizations involved. This includes building plans information, donors’ records, information about intellectual property IT service information, as in addition to visas and other travel documentation.
Business executives are increasingly concerned about the security of sensitive files in international transactions. These files are the most valuable assets of the company and can be at risk of falling into the wrong hands as they contain personal information, financial data or operating secrets. This kind of information, when lost, misused, or illegally accessed can have a negative impact on the security of the nation, federal programs, and 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 correctly tagged and cataloged, as well as stored efficiently across boundaries.