Papers are considered to be important and sensitive when they contain information that could be affected in the event of security breaches like health records, personal information or financial transactions. In the past, these papers needed to be exchanged via physical means, which required a number of key participants — from accountants and executives to lawyers and even internal and external employees to travel to the same location at the same time to review them. This was expensive time-consuming and inefficient method of sending documents that were prone to theft and unauthorised access.
Sharing digital documents has become a part of the everyday business processes. Remote working and B2B buying are becoming more internet-centric. While this is convenient but it also comes with risks. Most business owners aren’t aware of these risks.
Cybercriminals can steal emails and use the information for identity theft and other malicious activities. It is also difficult to determine who has viewed or edited the documents sent via email.
Secure document exchange is an excellent method of sharing files with customers while keeping track of who used them and changed them. These tools are designed to satisfy various data protection laws and offer a robust audit trail, which makes it simple to trace any potential problems back to the source. They also aid businesses in avoiding penalties for www.myhomedataroom.com/top-data-room-providers-in-the-uk data breaches that can be extremely damaging to their reputation and profits.