Data is the fuel that is the engine that drives innovation and strategic growth in modern enterprises. This interconnectedness poses significant challenges in terms of security as businesses try to ensure confidentiality and trust while ensuring compliance. Secure data sharing permits companies to share data and collaborate while protecting sensitive information from unauthorized access.
In a world full of cyber-attacks and growing consumer awareness, sharing secure data is not just a good practice but a necessity. Data breaches can have devastating repercussions on the business, and erode consumer confidence. This can result in losses in revenue and market share. Additionally, regulatory penalties and fines could result in more severe repercussions for companies.
A unified and efficient data sharing environment is the key to enabling the sharing of business data. This involves creating a clear data governance and creating dynamic controls. One such control is attribute-based authorization, which enables organizations to offer more flexible access control than permissions based on role. It also lets organizations observe activity and keep user data to help audit the user.
End-to end encryption of data is a second important feature, since it ensures that all data is secure from the point of origin to the destination. This reduces the chance of theft of data and tampering with it, which is essential to maintain compliance with the strict data protection rules.
