As organizations are increasingly collaborating with partners, the security of data is governed by the security of the weakest link of the value chain. Over time, these data “repositories” within third party systems build up and pose a substantial risk for the organization.
Download this infographic to understand the impact of external collaboration done wrongly and how Rights Management can stop 100% of these breaches.
Data Leakage from Third Parties
Risks associated with outsourcing business processes to third parties need to be identified and addressed as a part of the outsourcing strategy itself. Some of the most common risks include:
- Vendor’s devices or networks being attacked or compromised
- Rogue or disgruntled partner employees misusing data for financial gain
- Data being lost or stolen due to inadequate data handling processes
- Non-compliance with data privacy and security regulations
How Can Organizations Protect Information Beyond Their Perimeters?
Seclore allows you to ensure that your data is automatically protected before being shared with third-parties such as external business partners and vendors. Now you can be assured that your data is under your control even when it leaves the organizational perimeters.
Depending on the applications and systems available to each business group, you can protect your data as they are downloaded from various transaction systems or stored on files servers or ECM systems.
Sharing sensitive information, such as customer data, is crucial for the banking industry. Emails and files containing private and highly regulated data travel across business units, vendors, partners, and outsourced agencies. The challenge with outsourcing and external collaboration is that the bank loses control once these third parties receive sensitive information.
Seclore Eliminates Data Security Risk When Sharing Information with Third-party Entities
“Our customers are each other’s competitors in the market. We face customer audits, because they want to ensure that their information is not being leaked to their competitors. When we tell them that we use Seclore, almost 50% of their queries are gone.”
“We have diverse sets of organizations that we exchange information with such as with attorneys, credit card processors, or healthcare data clearing house. We chose Seclore Rights Management because it allowed us to create distinct profiles for different groups of business or departments of the company with different security requirements.”
“We are using Seclore quite extensively. We have policies and critical presentations and we are ensuring that they are all Seclore-protected before they are being shared. From that perspective, we have a reasonable assurance of who is accessing data and with the audit logs, we can ensure better governance of data.”