How can companies effectively balance the need to share customer information with third-party vendors or partners for business operations while also protecting the security and privacy of that data?

Companies can effectively balance the need to share customer information with third-party vendors or partners by implementing strict data privacy policies and agreements. They should conduct thorough due diligence on potential partners to ensure they have robust security measures in place. Companies can also limit the amount of customer information shared with third parties to only what is necessary for business operations. Regular monitoring and auditing of third-party vendors can help ensure compliance with data protection regulations and maintain the security of customer data.