In our digital world, data fuels businesses. This power brings huge responsibility. Cyber threats are real and present dangers. One data breach can destroy a company causing money problems and long-lasting harm to its name. These breaches cost a lot – $4.45 million on average in 2023. This shows we need strong protection right away. Data classification forms the base of this protection. When you grasp and use good data classification methods, you can guard your most important asset: your data.

Australia's business leaders face a complex and rapidly evolving market landscape that is highly competitive, globally interconnected, and demands a proactive approach to risk management. As continued technological innovation drives business development, efficiency, and success, it simultaneously empowers malicious threat actors to evolve and attack successful businesses more sophisticatedly.

Traditionally, TMFs were immense paper files amassing all the required information and evidence for future audit. The manual collation of data and resources was time-consuming and prone to human error. Paper filing is difficult at scale, especially when some trails last more than a decade. To alleviate these issues, companies began storing their Trial Master Files in electronic formats about 14 years ago.

We’ve written extensively before about FedRAMP’s impact levels. As a brief refresher, there are four: You can read our full guide to these four impact levels, how they’re calculated, and what they mean in this post. One important thing to know here is that FedRAMP is not the be-all and end-all security framework for the government.