Executives are becoming more concerned about sensitive files in international transactions. These files, often categorized as hypersensitive, are the crown jewels of a business and carry greater risk if they fall into the wrong hands. If it’s financial information, personal data or trade secrets, any kind of sensitive file could become a victim for cybercriminals.
The misuse, loss, or unauthorized access to sensitive data could negatively affect national security, the effectiveness of federal programs or the privacy to which individuals are entitled under the Privacy Act. See also controlled non-classified information (CUI).
Moderate sensitivity information comprises information that there is a legal obligation to guard but the leakage of this information would only cause minor harm to the people and organizations that are affected. Examples include building plans and donor records, data on intellectual property rights, information about IT services, visas, and other travel documents as well as security information.
A company that operates globally needs to identify which of its data falls under PHI under HIPAA or GDPR, and make sure that it’s properly stored and transferred.