Today, AI can completely and reliably automate the low value work of PI identification in document review and reduce risk. It lets cybersecurity practitioners like me better serve our clients.
NEW YORK (PRWEB) November 19, 2020
Text IQ, the leading artificial intelligence platform for sensitive data, today announced the release of Data Breach IQ to deliver clarity quickly for breach notification through AI automation and personal information insight. As enterprises contend with both a growing patchwork of state and global data breach regulations and more complex notification decisions, Data Breach IQ tackles the critical bottlenecks in the data assessment phase that can put the effectiveness of breach response plans at risk.
Designed to bring structure to unstructured data, Data Breach IQ can both reduce assessment time by as much as 75%, and automate the process of determining whose data has been breached. Data Breach IQ enables data breach response teams to make quicker, more informed, and more accurate decisions on who to notify based on applicable regulations and relevant attributes.
The data breach notification landscape has grown more complex as state-level regulations - such as the recently passed California Privacy Right Act (CPRA) - proliferate, and regulators look to enforce the data breach reporting provisions of the EU’s GDPR, Brazil’s LGPD and South Africa’s POPI.
Current approaches that rely on search terms and human review, especially in the case of unstructured data, place enterprises in a bind: either report too early - before making a full assessment, or run the risk of missing notification deadlines until a full assessment has been completed.
“Relying on the status quo to understand large-scale unstructured data is risky. It’s also potentially time-consuming and expensive. Today, AI can completely and reliably automate the low value work of PI identification in document review and reduce risk. It lets cybersecurity practitioners like me better serve our clients.” -- Richard Lutkus, Partner At Seyfarth, Privacy And Cybersecurity
Data Breach IQ Solution
In contrast to approaches relying on search terms and keywords, Data Breach IQ’s AI-driven classification incorporates semantic analysis, human signals, and context to improve accuracy for Personally Identifiable Information like names and Social Security numbers, including all variations and even misspellings, as well as identify sensitive data such as political opinions, genetic data, and race and ethnicity.
Since Text IQ takes an entity-centric approach to map, link, and associate all relevant data elements to individuals, the output can also automatically determine residency by individual. Once state residency is applied to the individual’s data, breach response teams can automatically determine whether notification conditions have been triggered based on the relevant thresholds and attributes defined by each state regulation.
Data Breach IQ Benefits
Rather than having to juggle notification deadlines against the time taken to complete a comprehensive assessment of the impacted data, enterprises can implement a streamlined plan based on data insights, including:
- Which documents & files in a breached dataset contain personal data, sensitive data & PII
- Which individuals are impacted by the breach
- The data elements & data combinations linked to each individual
- Whether there are multiple profiles for a single individual that can be normalized
- The residency of the impacted individuals
- Whether the attributes impacted should trigger a notification step
To learn more:
Read about how an AMLaw 50 firm reduced assessment time by 75%
Hear about data breach response best practices with experts from US Bank, Sompo International and Eckert Seamans Cherin & Mellott
Read about how Text IQ’s innovation streamlines individual notification automation
Watch to see how Data Breach IQ works
To schedule a demo, please contact us here.
About Text IQ
Text IQ is a global technology company with offices in New York, San Francisco, Vancouver and Ireland, and has been named one of the top 100 privately held AI companies by CB Insights. The company was founded in 2014 by top AI researchers from Columbia University, and is backed by FirstMark Capital, Sierra Ventures, and Floodgate. Text IQ’s customers include leading healthcare, biotech, energy, insurance, technology, entertainment, and financial institutions, across the Global 2000, as well as top government agencies.
Text IQ brings data-science, artificial intelligence and automation to reduce risk and enhance operational efficiency for litigation, privacy protection and compliance. Text IQ is used by Global 2000 enterprises and government agencies around the world to discover, flag and identify sensitive data with ease and speed by bringing structure to unstructured data.