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Unveiling the Power of Data Discovery: Mitigating Risks through PII Identification

By Alisa Fetic


Businesses collect structured and unstructured data from customers, employees, or even associates almost daily. These data sets contain sensitive information like PII (Personal Identifiable Information) that needs to be protected, and that’s where data discovery comes in.


Data discovery helps you scan business systems, discover and classify PII, and create helpful data maps necessary for risk mitigation. The process uses scanning tools that can discover potential vulnerabilities in data sets like unencrypted PII or unsafe storage.


PII is at the core of consumer service, and companies in all fields need to mitigate risks and ensure such sensitive information is always safe.


Here is how data discovery can help mitigate risks through PII identification.


Reduce PII Exposure


The first step to reducing PII exposure is identifying sensitive information within your business systems. Data discovery enables you to perform a mapping exercise that helps identify where PII is located within your networks and in other environments.


You will also know where and how such sensitive information travels, so you can reduce exposure. For example, data discovery will help you pinpoint PII like customer name, number, or date of both sensitive employee records and protect them according to regulations.


Customers also expect PII to be safe in your custody, and if there’s exposure, you will lose their trust and loyalty.


Data discovery helps eliminate or reduce such exposure and ensure compliance while reducing the risk of compliance violations that lead to financial losses.


Identify PII Encryption Gaps


Identifying the location of PII information helps you increase data security through encryption while mitigating risks. If you know where PII information is located in your system, you can ensure it is all encrypted.


If encrypted PII lands in the wrong hands, criminals will not find it valuable because it will be unusable. Encryption jumbles up data and makes it useless without an encryption key to unlock it. This means the power of data discovery can identify PII data and keep it safe even if it gets exposed.


Tracking Manageability


Large companies have vast amounts of data containing PII information spread throughout their networks. That means they need to track and manage this data according to regulatory requirements.


Data discovery is the best way to map and classify such sensitive information for easy management. It also helps in conducting a risk assessment and identifying potential gaps in the storage, use, and transmission of PII.


The information from the risk assessment process will help in designing an effective data security policy.


PII Privacy Policy Review


Data discovery helps identify critical information in business systems and any weaknesses that might cause exposure. Discovering such information helps in conducting an internal PII policy review, and you’ll come up with frameworks that will help regularly protect information.


For example, PII discovery will enable you to:


  • Know if your data security controls are effective.
  • Understand lessons learned from previous risks or data security failures.
  • Detects changes in internal or external data risks, trends, or failures.


Conclusion


Protecting critical assets like PII is an important practice in any business. It helps to reduce the exposure of sensitive information while managing risks and reducing financial losses from non-compliance fines.

Whether you’re running a small or large business, data discovery is the most effective way to take care of your vital information. It makes sure you are always in control of all your critical data that is stored, in use, or in transit.

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