A new press release reports, “Baffle, Inc., an advanced data protection company, today released Baffle Secure Data Sharing, the first multiparty data sharing platform that allows companies to easily and securely share distributed data across multiple parties, without exposing the underlying data values. Baffle Secure Data Sharing allows for shared analytics and business intelligence without violating privacy or compliance mandates, unlocking the ability for organizations to responsibly share information with third parties. In today’s society, information needs to be shared more than ever so that collective data sets can deliver on the promise of intelligence and advanced insights. Often, security and bureaucracy can impede the ability to collaborate across organizations in a variety of scenarios and industries. Baffle Secure Data Sharing addresses privacy and security concerns by anonymizing data and data owners while still allowing analytics and machine learning operations to process.”
The release continues, “According to an Opus/Ponemon Institute study, companies share confidential or sensitive information with, on average, 471 third parties, up 25 percent from the year before. The study also found that more than half of the data breaches were caused by those third parties who, in turn, pointed to a cyberattack against them as the main cause. Examples of secure data sharing in healthcare include genetic studies for disease outcome analysis, population health management, and the recent GlaxoSmithKline and Sanofi collaboration on an adjuvanted vaccine to prevent the coronavirus. Financial institutions also use this capability to detect cyberattacks by sharing Indications of Compromise (IoCs) without sharing their identities.”
Read more at Business Wire.
Image used under license from Shutterstock.com