Sensitive Files in International Deals
Executives are becoming more concerned about sensitive data in international transactions. These files, commonly referred to as hypersensitive as they are the crown jewels of a business and carry greater risk if they fall into the wrong hands. Cybercriminals can target any sensitive file which contains financial information, personal data or trade secrets.
The misuse, loss, or unauthorised access to sensitive information could adversely impact the national security, the operation of federal programs or the privacy rights to which individuals are entitled under the Privacy Act. See also controlled non-classified information (CUI).
Moderate sensitivity information is data for which there is a legal obligation to safeguard but the leakage of this information will only cause minor harm to the individuals and organizations concerned. Examples include plans for building and donor records, data on intellectual property, information about IT services, visas and other travel documents as well as security information.
A company that operates globally has to determine whether its data falls under PHI under HIPAA or https://dataroomsavings.info/ways-of-simplifying-working-environment-with-data-room/ GDPR and to ensure that it is stored and transferred in a timely manner.