SOURCE: Brainloop

Brainloop

August 30, 2010 12:27 ET

Brainloop Helps Businesses Identify Compliance Risks When Sharing Information

New White Paper Published by Secure Document Collaboration Vendor

BOSTON, MA--(Marketwire - August 30, 2010) -  Brainloop, the leading supplier of software solutions for high-security management of confidential documents (www.brainloop.com), today issued a white paper titled "Ten Questions to Identify Compliance Risks When Sharing Information." Authored by Cheryl Klein, CPA, CISA, CITP and founder of GRC Consulting Services, the paper analyzes 10 common business scenarios that expose companies to potential compliance risks when sharing documents with partners, auditors, vendors, or any other individuals outside the corporate network.

Traditional information security controls provide protection behind the firewall for most of a company's documents, yet fail to address the issue of protecting documents that must be shared outside the enterprise.

"Corporate and regulatory compliance policies require companies to ensure information flows are documented, auditable, and highly secure," said Klein. "Yet at the same time, companies must share sensitive information outside the firewall in order to conduct business, which introduces serious potential information risk."

To help businesses address this challenge, the Brainloop white paper presents 10 questions that help businesses identify compliance risks and explore mitigation strategies, along with best practices suitable for each scenario.

The questions guide businesses on how to deal with compliance regulations, and how to interact with external auditors as well as regulatory bodies. The white paper also discusses extending centrally-defined policies to the departmental level, implementing appropriate access controls for diverse document types and user roles, managing personal information, and controlling external collaboration as well as other security measures to consider.

"Identifying compliance risk is crucial because even the most conscientious people can breach security policies unintentionally," added Klein. "People are human, so it's critical to confirm document access with audit trails and logs to ensure compliance regulations are followed correctly."

To view the Brainloop white paper, "Ten Questions to Identify Compliance Risks When Sharing Information," visit: http://www.brainloop.com/Identifying_Compliance_Risks.

About Brainloop
Brainloop, with offices in Boston and Munich, is the leading supplier of software solutions for high-security document collaboration. Brainloop's secure online workspace is a virtual document safe that enables secure filing, editing and distribution of highly confidential documents within a single company, and beyond. All contents are powerfully protected from unauthorized internal or external attacks, and all actions within the application are documented by a tamper-proof audit trail. Frequent uses include contract negotiations, collecting data and compiling quarterly reports, collaboration with external auditors and counsel, and any other communication that contains confidential information.

Brainloop is used internationally by hundreds of renowned companies including BMW, Deutsche Telekom, Eurocopter, Galileo Industries, Premiere and ThyssenKrupp. Leading law firms and investment banks use this solution for the complete life cycle of M&A transactions. Strategic partners of Brainloop are HP, IZB, Microsoft and T-Systems Business Services. http://www.brainloop.com

Copyright © 2010, Brainloop Inc. All rights reserved. All trademarks mentioned in this document are the property of their respective owners.

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