Some documents are given the label of important and sensitive due to the fact that they contain information that could cause effects in the event of a security breach, such as personal data such as health and wellness records or economical transactions. In the past, these documents had to be exchanged physically which required a variety of important participants ranging from accountants and executives to lawyers and even internal and external staff to travel to exactly the same place at the exact same time to inspect them. It was time-consuming and expensive method to send documents that were susceptible to theft and unauthorised access.

With remote work increasing and B2B purchasing becoming increasingly internet-focused sharing digital documents has become a fundamental element of business operations. Although this convenience is great for productivity, it also poses significant risks. And the majority of business owners are not aware of the extent of the risks.

Cybercriminals are able to intercept emails and use the information for identity theft and other malicious activities. It’s also difficult to track who has read or edited documents sent via email.

A secure document exchange is a wonderful method to share files with customers, while keeping track of who used them and changed them. These tools are designed to comply with a variety of data protection regulations and offer an read here audit trail that is robust and digital that allows you to trace any possible issues back to the source. They also assist businesses in avoiding penalties associated with data breaches, which can ruin their reputation and profitability.