There are papers that receive the status of being important and sensitive since they contain information that could have effects in the event of a security breach such as personal data such as health and wellness records or economical transactions. Previously, these documents had to be exchanged physically, which required a my blog range of key players ranging from accountants and executives to lawyers and even external and internal staff – to travel to exactly the same location at exactly the same time to review them. This was costly time-consuming and inefficient method of sending documents that were prone to theft and illegitimate access.

With remote working on the rise and B2B purchasing becoming increasingly online-based, sharing digital documents has become an integral element of business operations. While this convenience is great however, it comes with significant risks. The majority of business owners are unaware of the risks.

Email is a risky method of sending customer documents since cybercriminals can snoop on emails and use the data to commit identity theft and other nefarious actions. Additionally, it is difficult to keep track of who has read and edited documents sent through email.

A secure document exchange platform is a straightforward method of sharing customer files while keeping track of who has used and modified them. These tools are made to meet the various data protection laws and provide a solid audit trail, which makes it simple to trace any possible issues back to the source. They also assist businesses in avoiding penalties resulting from data breaches, which could severely damage their reputation as well as their financial viability.