There are papers that receive the status of being important and sensitive because they contain information that could cause consequences in the event of a security breach, like personal information such as health and wellbeing records, or financial transactions. Prior to this, documents had to be exchanged physically which required many key participants – from executives and accountants, to lawyers, as well as internal and external staff to travel to exactly the same location at the www.myhomedataroom.com/top-data-room-providers-in-the-uk same time in order to review them. It was an inefficient and expensive method to send documents that were susceptible to theft and unauthorized access.
With remote working on the rise and B2B purchasing becoming increasingly internet-focused, sharing digital documents has become a crucial part of business operations. While this is convenient but it can also pose serious dangers. Many business owners are unaware of these threats.
Cybercriminals may be able to intercept emails and use the data for identity theft and other malicious activities. It is also difficult to determine who has viewed or edited documents sent via email.
Secure document exchange is an excellent method to share files with customers, while keeping track of who used them and changed them. These tools are designed to meet various data protection laws and provide a comprehensive audit trail, allowing you to trace any possible issues back to the source. They also assist businesses to avoid the penalties that come with data breaches, which could severely damage their reputation as well as their financial viability.