When companies negotiate international deals they may share confidential information between them. This could include financial information about the company, business operations, or inventory figures. By implementing security procedures to safeguard sensitive information, businesses can maintain trust with their suppliers and avoid leaks.

Depending on the level of risk, different protocols are available to safeguard this data. Highly sensitive data poses the risk of a significant loss to an organization or individual when it is compromised and should be restricted to the authorized personnel to handle it. This includes confidential employee information including board documents, personal identifiable information.

The disclosure of moderately sensitive data will only cause minor harm to the individuals or organizations that are involved. This includes information about plans for construction, donors’ documents and information regarding IT services.

Business executives are increasingly concerned about sensitive files in international transactions. These files are often regarded as the topmost assets of a company and have a higher risk to get into the wrong hands since they typically contain financial information, personal data or operating secrets. If they are stolen, misused, or accessed illegally the information can this hyperlink impact the country’s security and federal programs, as well as the privacy rights that individuals are entitled to under the Privacy Act. This type of information could be described as controlled nonclassified information (CUI). To protect these files, business must ensure that they are properly classified, tagged and stored efficiently across borders.