How can companies strike a balance between maintaining data security and fostering collaboration among departments when it comes to sharing sensitive customer information?

Companies can strike a balance between data security and collaboration by implementing strict access controls and encryption protocols to protect sensitive customer information. They can also provide training to employees on data security best practices and the importance of confidentiality. Additionally, companies can utilize secure collaboration tools that allow for sharing information within departments while still maintaining data security measures. Regular audits and monitoring of data access can also help ensure that sensitive information is only shared on a need-to-know basis.