When businesses negotiate international agreements, they share confidential information between them. This could include company financial information, business operations or the numbers of inventory. The use of protocols to safeguard this sensitive data will help businesses maintain trust with their counterparties and prevent leaks.
Based on the degree of risk, various protocols can be utilized to safeguard the information. Highly sensitive data poses a risk to an individual or a business should it be compromised. It should be restricted to those authorized to handle it. This includes confidential employee information as well as board documents and personally identifiable information.
Moderate sensitivity data comprises information that is subject to a legal obligation to guard, however the disclosure of this type of information can only lead to small damage to the individuals or organizations concerned. This includes information about building plans, donor records, information concerning intellectual properties IT service information, as well as visas and other travel documentation.
Business executives are becoming increasingly concerned about 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 financial information, personal information or operating secrets. This type of data, if lost, misused or accessed in a way that is illegal, can be detrimental to the security of the nation as well as 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, business must ensure that they are classified, tagged and stored effectively across boundaries.
