Sensitive Files in International Deals

23 Oct Sensitive Files in International Deals

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International deals that contain sensitive data are a growing concern for corporate executives. These files are often classified as hypersensitive and are the most valuable assets for a business. They pose a high risk if they fall into the wrong hands. Cybercriminals are able to target any sensitive data which contains financial data, personal information or trade secrets.

Loss, misuse, or the unauthorized access to sensitive information could affect national security and federal programs, as well as the privacy rights that individuals are entitled to under the Privacy Act. See also controlled unclassified information (CUI).

Information of moderate sensitivity is data that is legally required to be secured and whose leakage would only cause minor harm to the parties or organizations concerned. Examples include building plans and donor records, as well as information about intellectual property, information about IT services, visas, and other travel documents and security information.

A business that is globally-based has to determine whether its data is PHI of HIPAA or GDPR and to ensure it’s securely stored and transferred.