Data is the engine that creates innovation and strategic growth in modern enterprises. This interconnectedness, however, creates significant challenges in terms of security as companies try to protect confidentiality and trust while ensuring compliance. Secure data sharing allows companies to collaborate and share information while protecting sensitive data from unauthorized access.
In an era where cyber-attacks are commonplace and consumer awareness is increasing, secure data sharing in business isn’t just a best practice, it’s a necessity. Data breaches can have devastating implications on the business and erode consumer confidence. This could result in loss of revenue and market share. Additional fines and penalties from regulatory agencies may have even more serious consequences for businesses.
A cohesive and efficient data-sharing environment is the most important factor in making it possible for businesses to share data. This means establishing a clear data governance framework, and creating dynamic controls. One of these controls is attribute-based authorization, which allows organizations to offer more flexible access controls than permissions based on role. It also lets organizations monitor user activity and collect data to help audit the user.
End-to-end data encryption is another important feature data security that ensures that all data is secured from the origin to the destination. This reduces the chance of theft of data and tampering with it, which is essential to ensure compliance with strict data security laws.
