Papers are classified as crucial and sensitive in the event that they contain information that could be a source of concern in the event of security breaches such personal information, health records or financial transactions. Previously, these documents had to be exchanged physically which required a variety of key participants – from accountants and executives to lawyers as well as external and internal staff – to travel to the same location at precisely the same time to inspect them. This was costly time-consuming and inefficient method of sending documents that were vulnerable to theft and unauthorised access.
Sharing digital documents is now an integral part of the everyday business processes. Remote working and B2B purchasing are becoming more web-based. While this is convenient but it can also pose serious risk. The majority of business owners aren't aware of the dangers.
Email is not a secure method of sending customer documents since cybercriminals can snoop on emails and use it for identity theft or other criminal actions. Plus, it's difficult to keep track of who has read or edited documents sent via email.
Secure document exchange is a wonderful method of sharing files with customers while keeping track of who used them and changed them. These tools are designed to satisfy different data protection laws and provide a solid audit trail, which makes it simple to trace any problems back to their source. Furthermore, they aid companies avoid penalties resulting from data breaches, which can significantly damage their reputation and the profitability of their business.