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