When companies are negotiating international deals, they typically share confidential information with each other. This information may include company financial data, business operations or figures on inventory. By establishing protocols to protect sensitive information, businesses can maintain trust with their counterparts and prevent leaks.
Depending on the level of risk, different protocols are available to protect the data. Highly sensitive data poses the risk of a significant loss to an organization or individual in the event of a breach and should be restricted to those who are authorized to handle it. This includes personally identifiable information (PII) and confidential employee information and board documents.
Moderate sensitivity data contains information for which there is a legal obligation to safeguard, but the disclosure of this kind of information can only lead to small harm to the people and organizations concerned. This includes building plans data, donor records, information concerning intellectual properties IT service information as also visas and other forms of travel documentation.
The sensitive nature of files in international deals are a growing concern for business executives. These files are the most valuable assets of the company and can be a high risk for falling into the wrong hands because they contain personal information, financial information, or operating secrets. This type of data, if lost, misused or improperly accessed, could be detrimental to the security of the nation and federal programs as well as the privacy rights of individuals under the Privacy Act. This kind of information is also known as controlled non-classified information (CUI). To ensure the security of these files, companies must ensure that they are properly tagged and cataloged, as well as stored efficiently across boundaries.
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