In today's business world, communication is the lifeblood of any company. Whether it's sharing new product ideas, confidential competitor information, unreleased financial data, or discussing personnel matters, these interactions are vital and involve every employee. To protect such sensitive information, companies often rely on NDAs, confidentiality notes on presentations, or email footers. However, one crucial aspect they frequently overlook is the security of the communication platform itself.

Growing threats have caused a grave security concern for organizations where data is at the center of business operations, including the Banking, Financial Services, Insurance industries (BFSI), and BPOs. The rising threat landscape indicates an urgent need to adopt strong countermeasures for threat mitigation and operational efficiency.

Healthcare is the most targeted industry by malicious actors with an 8.2% increase in threat incidents since 2022 costing it an average of $10.93 million. Growing risky insider incidents and hefty regulatory fines indicate an urgent need for the industry to adopt a robust security system and gain strong control over rising data attacks leading to regulatory compliance breaches.

As a company committed to ensuring secure and private communications, Wire vehemently opposes the EU Commission's legislative proposal known as "Chat Control." This proposal threatens to establish an unprecedented mass-surveillance apparatus in the European Union, undermining the very foundations of privacy and data security.