Executives are increasingly concerned about sensitive files in international transactions. These files are generally classified as highly sensitive and are the most valuable assets for a company. They carry a significant risk if they fall into the wrong hands. Cybercriminals can target any sensitive document which contains financial data, personal information or trade secrets.
Loss, misuse, or unauthorized access to sensitive data could have a negative impact on national security and federal programs as well as the privacy rights that individuals are entitled to under the Privacy Act. Also, there is controlled unclassified information (CUI).
Moderate sensitivity information consists of information that has a legal obligation to safeguard but the leakage of this information could cause little harm to the individuals and organizations concerned. Examples include construction plans and donor records, data about intellectual property, details about IT services, visas and other travel documents, as well as security information.
A company with global operations has to determine whether its data falls into the PHI category under HIPAA or PI under GDPR and ensure it’s securely stored and transferred.
