Data is the lifeblood of modern enterprises driving innovation and strategic growth. However, this connectivity poses serious security issues as companies try to safeguard the privacy, trust and security at scale. Secure data sharing allows businesses to share information and collaborate while securing sensitive information from unauthorised access.
In a world full of cyber threats and growing consumer awareness, secure sharing of data is not just a best practice but also a requirement. Data breaches can have devastating consequences on the business, and also undermine consumer confidence. This can lead to reduced revenue and market share. Additional fines and penalties from regulatory agencies could have more serious implications for organizations.
A cohesive and efficient data-sharing environment is crucial to making it possible for businesses to share data. This data security involves establishing a clear data governance, and creating dynamic controls. Attribute-based authorization is an example of this control that allows organizations to provide access controls that are more flexible than role-based permissions. It permits organizations to record user data and monitor activity.
End-to end encryption of data is a second important feature, as it ensures that all data is secure from the point of origin to the destination. This protects against the risk of data theft or tampering, and is crucial to ensure compliance with stringent data protection laws.