In what ways can companies strike a balance between promoting cross-functional collaboration through technology and maintaining strict data security measures to protect sensitive customer information from potential cyber threats and breaches?

Companies can strike a balance by implementing secure collaboration tools that have built-in encryption and access controls to ensure data security. They can also provide training to employees on best practices for sharing information securely across different departments. Regular security audits and monitoring can help detect and prevent any potential cyber threats or breaches, while also ensuring compliance with data protection regulations. Additionally, companies can establish clear policies and procedures for handling sensitive customer information and enforce strict protocols for accessing and sharing data across different teams.