Secure Sensitive Information

Enterprise spending for information governance, securing sensitive information and compliance with an ever increasing number of mandates is a growing concern. According to Gartner, organizations spent $71 billion on information security in 2014, approximately $76.9 billion in 2015 and project this trend will continue.  

To ensure enterprise information is proactively identified and secured, organizations must identify data privacy and information security as an organizational priority. Often the cause of data breaches and lapses in securing sensitive information comes from internal sources. The reliance on individuals to know all laws, review all information and manually apply the right policies, procedures and metadata to each information asset within the enterprise is error prone at best. Automating security best practices and governance polices results in increased productivity, consistent and transparent outcomes and decreased organizational risk.

Smartlogic’s Semaphore is an enterprise grade semantic platform that allows organizations to realize the business value of their information. By leveraging a common vocabulary to automatically classify and enrich all information assets with precise and consistent metadata, information can be proactively managed and secured. Semaphore extracts the relevant facts, entities and relationships to drive governance best practices and workflows and harmonizes all information sources to ensure internal trade secrets and assets associated with data privacy are secure. 

The Cost of Security Breaches

The majority of costs associated with noncompliance are for remediation. Fines, court fees, investigative processes and the identification of theft prevention processes and services for customers directly impact the bottom line. When an incident occurs, the loss of customer confidence and loyalty can be staggering. According to research from the Ponemon Institute, the average loss of brand for a data exposure ranges from 184 to 330+ million dollars, which can translate to a significant decline in market share.

Studies show that costs associated with a data breach or loss range from job loss, to leaking of confidential information to losing information required for compliance reporting. And the risks associated with compromised information, which goes unidentified and unreported result in known as well as unknown damage.

The Semaphore Solution

Semaphore supports governance and information security for its global customers across a broad range of industries and organizations. It provides the tools and technologies organizations need to comply with a broad range of mandates and provides consistent, transparent and auditable results. 

  • Healthcare – must comply with Meaningful Use, PII, HIPPA and other patient information directives as well as provide transparency and consistency for information governance workflows.
  • High tech organizations – need to identify and secure information assets to protect trade secrets, patents and intellectual property in order to maintain competitive advantage.
  • Life Sciences organizations must be able to quickly and efficiently respond to health authority requests, identify deviations from protocol and form a reliable and comprehensive picture of the information surrounding adverse events and clinical risks.
  • Government and Intelligence agencies need to comply with information security mandates such as, Federal Information Management Security Act, HIPPA and Privacy Act Programs, which protect the privacy of individuals, their information and agencies. 

With Semaphore, information can be analyzed and sensitive information such as, Personally Identifiable Information (PII), Personal Health Information (PHI) and HIPPA can be identified and secured. Organizational trade secrets, intellectual property and trade restricted information can be safeguarded to maintain a company’s competitive advantage and reduce the risk of data or property loss.  

The Semaphore Platform

Smartlogic has a sophisticated set of tools and technologies that organizations use to secure information and comply with regulatory reporting. Semaphore supports model management, auto classification and semantic enhancement services that can scale to meet the needs of the enterprise.

  • Ontology Editor – creates a model to identify the asset types, retention policies and sensitive information to be secured.
  • Classification Server – classify and consistently apply governance policies that are transparent, traceable and auditable. Information assets are consistently managed in accordance with enterprise retention policies, versions, and isolated and secured as required.
  • Semantic Enhancement Server – quickly find information associated with an event to mitigate costs associated with providing the wrong information or worse providing information that may incriminate but is not required or relevant to the request.

With Semaphore, organizations can realize the benefits of an automated compliance system. Costs associated with data exposure, remediation, litigation, fines and sanctions are reduced. Inconsistences associated with manual tagging are eliminated and confidential and trade secret information is accurately identified and protected.

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