On February 16, 2023, Spirion, a pioneer in sensitive data governance, announced the launch of Spirion Enhanced Analytics (SEA), a new data warehouse environment that complements its Sensitive Data Platform (SDP).
Spirion Enhanced Analytics (SEA) offers security leaders improved insight into sensitive data risks. This enhanced visibility enables them to prioritize, manage, and mitigate exposure effectively. In addition, by providing privacy and security teams with insightful analytics, SEA empowers them to create actionable reports to track the progress of their initiatives better and make informed decisions regarding their organization's sensitive data.
The recently published IBM-Ponemon Institute Cost of a Data Breach 2022 study reported that 53% of surveyed organizations neglect to prioritize risks, threats, and impacts by using risk quantification methods. However, this was discovered to have a considerable impact on the costs associated with data breaches. On average, organizations that utilized risk quantification techniques to prioritize risks, threats, and impacts had a breach cost of $3.30 million. In comparison, those that did not had an average breach cost of $5.40 million, resulting in a savings of $2.10 million.
SEA delivers a robust pipeline that can analyze millions of records, providing enterprise-grade data model capabilities from an organization's preferred analytics platform. Data processing occurs in these SEA data warehouses, allowing for complex, data-intensive analyses to be performed in seconds. Key advantages include the ability to:
Provide executives with timely, actionable insights about data security and privacy.
Monitor critical metrics and trends over time to track the progress of risk-reduction initiatives.
Allow end-users to perform their own analyses and visualizations in their preferred analytics platform (Power BI, Tableau, Splunk, etc.) for more impactful insights.
Populate SEA with metrics from Spirion's Sensitive Data Platform (SDP), along with metrics from other enterprise systems and spreadsheets, for a comprehensive view of data privacy and security programs.
Founded in 2006, Spirion is dedicated to safeguarding personal data privacy and security of customers, colleagues, and the community. It provides precise data discovery and classification solutions to prevent data privacy breaches, with a commitment to eliminating the risk of such breaches to protect humanity. Spirion's priority is accuracy and persistence rather than ease and speed because protecting data requires a thorough approach. The company believes that "good enough" is insufficient when it comes to data privacy protection, as one cannot protect what one cannot locate with precision.