Friday February 24th 2023
5 Key Steps to Securing Your Business Documents
By Alisa Fetic In this digital age, safeguarding sensitive information must remain a priority for any business. Having a comprehensive approach to data security is integral to guaranteeing that delicate details stay private and safe. To ensure your data stays secure, follow these key steps: 1. Assess the Risks You must assess the risks and weak spots which may be present in your business and the confidential data you maintain. Doing so is a great way to ensure your company has a secure and protected environment. 2. Establish a Policy Establishing a document security policy is key to guarding sensitive information. This policy should contain measures such as security parameters, policies for data privacy, protocols for managing documents, and plans for responding to potential incidents. All of these measures can ensure that sensitive information remains secure. 3. Employee Education Helping staff stay informed about data security is essential. That's why training is so important, so everyone knows the best practices for maintaining the confidentiality of any sensitive data. It's a key part of protecting your business from potentially damaging breaches and it needs to be taken seriously. 4. Utilize Technology To better defend and secure sensitive data, integrating technological solutions such as encryption, access control, and firewalls is like armor for your organization. For added protection, the implementation of a reliable document redaction product like iDox.ai to mask confidential information in documents can aid security endeavors and make governance simpler. 5. Periodic Audits Last but not least, evaluate your document management system on an ongoing basis to verify it meets regulatory standards and that sensitive data is sufficiently safeguarded. How iDox.ai Can Help You Achieve Effective Compliance Regulatory compliance can be a complex and time-consuming process for organizations, especially when it comes to managing sensitive information. There are numerous compliance regulations to abide by. However, with the help of iDox.ai REDACT , businesses can simplify the process and achieve effective compliance. Our legal suite provides a range of AI-powered services, including contract review, auto redaction, and digital document comparison, making it easier for businesses to manage their legal documents and sensitive information. Our solutions are trusted by cross-industry enterprises globally, providing a balance between more efficient workflows and heightened document protection. At iDox.ai , we understand the importance of protecting sensitive information, which is why we maintain the highest levels of encryption and security surrounding our cloud, documents, and web servers. With cybersecurity as the foundation of our products, organizations can have peace of mind knowing their data is in good hands. By using iDox.ai REDACT, organizations can streamline their compliance processes and safeguard their reputation, while maintaining a more efficient and secure workflow. The Bottom Line: Streamline Your Compliance Efforts with iDox.ai REDACT In conclusion, understanding and effectively adhering to regulatory compliance is essential for businesses to avert potential hazards and safeguard delicate data. Putting into action the right protocols, policies, and technology can help enterprises remain up to date with current guidelines and defend their information. From evaluating risks to utilizing secure tech solutions, the key is taking a proactive stance on maintaining documentation security. By securing this process successfully, companies can stay compliant, conserve customer faithfulness and guarantee steady prosperity. Utilizing iDox.ai REDACT technology, you can effortlessly achieve a balance between productivity and safeguarding confidential data. Our cutting-edge AI-driven legal suite integrates contract review, automated redaction and digital file comparison services, helping maintain your data security. Invest in the present and future success of your organization with iDox.ai REDACT and ensure that all of your business practices follow regulations and maintain the safety of critical information.
Friday February 24th 2023
Redaction Software Review
Why Idox.ai is the Superior Redaction Software Compared to Naix Redaction has become a crucial process in the digital world, especially in legal and healthcare sectors. The process involves the removal of sensitive or confidential information from a document, video, or audio recording. With the increasing demand for redaction software, many tools have been developed to address the issue. In this article, we will compare two popular redaction software, Idox.ai and Naix, and explain why Idox.ai is superior to Naix. Idox.ai vs. Naix: Accuracy Accuracy is a critical aspect of redaction. The software must ensure that sensitive information is completely removed, leaving no traces behind. Idox.ai uses advanced machine learning algorithms to identify sensitive information and ensure that it is entirely removed. The software can detect and redact multiple types of information, including social security numbers, names, addresses, and credit card numbers. Additionally, the software uses natural language processing to ensure that sensitive information is redacted even if it is expressed in different ways. For example, if a document contains the phrase "the last four digits of my social security number are," Idox.ai can still identify and redact the sensitive information. On the other hand, Naix uses a rule-based system to identify and redact sensitive information. While the system may be effective, it cannot match the accuracy of Idox.ai 's machine learning algorithms. The rule-based system also has limitations and may miss some sensitive information, leaving it exposed. Therefore, Idox.ai is the superior redaction software in terms of accuracy. Idox.ai vs. Naix: Ease of Use Another critical factor when choosing a redaction software is ease of use. The software should be easy to navigate and use, even for people with no technical background. Idox.ai is designed with a user-friendly interface, making it easy for anyone to use. The software provides a range of options, including automatic redaction and manual redaction. Users can choose to redact specific information or let the software detect and redact sensitive information automatically. Additionally, the software provides a range of customization options, allowing users to configure the software to their specific needs. Naix, on the other hand, has a slightly more complicated interface, making it difficult for non-technical users to navigate the software. The software also lacks some essential features, such as automatic redaction, making the process more time-consuming. Therefore, Idox.ai is the superior redaction software in terms of ease of use. Idox.ai vs. Naix: Pricing Pricing is also an essential factor when choosing a redaction software. While both Idox.ai and Naix offer affordable pricing plans, Idox.ai offers more value for money. Idox.ai offers a range of pricing plans, including a pay-as-you-go model, making it suitable for all types of users, whether individuals or organizations. The software also offers a free trial, allowing users to test the software before committing to a paid plan. Additionally, Idox.ai provides excellent customer support, ensuring that users receive the assistance they need to use the software effectively. Naix, on the other hand, offers fewer pricing plans, making it less flexible for users. The software also lacks a free trial, making it difficult for users to test the software before committing to a paid plan. Therefore, Idox.ai is the superior redaction software in terms of pricing. Conclusion In conclusion, Idox.ai is the superior redaction software compared to Naix. Idox.ai 's advanced machine learning algorithms ensure accurate and complete redaction, while the user-friendly interface and customization options make the software easy to use. The flexible pricing plans, free trial, and excellent customer support also make Idox.ai more accessible to users. Therefore, if you are looking for a reliable and efficient redaction software, Idox.ai is the right choice.
Friday February 24th 2023
Smartbox.ai vs iDox.ai
Smartbox.ai and iDox.ai are two document management systems that help businesses organize, search, and analyze large amounts of data. However, there are several reasons why iDox.ai is a better choice than Smartbox.ai . Firstly, iDox.ai offers more advanced features than Smartbox.ai . With iDox.ai , businesses can easily automate document workflows, track document versions, and collaborate with team members in real-time. These features are essential for businesses that need to manage complex document processes and ensure accuracy and efficiency. The automation feature of iDox.ai allows businesses to create custom workflows and set up rules for each type of document. This feature saves time and reduces the risk of errors by automating manual tasks. In addition, businesses can track document versions with iDox.ai , which is particularly useful for legal contracts or financial reports that need to be kept up to date. Secondly, iDox.ai has a more intuitive and user-friendly interface than Smartbox.ai . Smartbox.ai can be difficult to navigate, and its search capabilities are limited. In contrast, iDox.ai has a simple and intuitive interface that makes it easy for users to find and manage documents quickly and easily. iDox.ai offers a range of search options, including full-text search, filtering, and sorting. This means that users can quickly find the documents they need, without having to spend time scrolling through long lists or folders. Moreover, iDox.ai allows users to collaborate with team members in real-time, which is essential for businesses that need to work on documents together. With iDox.ai , users can share documents with team members, assign tasks, and set up notifications for changes or updates. This feature helps to ensure that everyone is on the same page and that documents are updated in real-time. Lastly, iDox.ai offers better security features than Smartbox.ai . With iDox.ai , businesses can set up custom access controls and permissions to ensure that only authorized users can access sensitive documents. iDox.ai also uses industry-standard encryption to protect documents from unauthorized access. This means that businesses can trust that their documents are secure and protected from cyber threats. In summary, while Smartbox.ai may be suitable for some businesses, iDox.ai is a better choice for those who need advanced document management features, a user-friendly interface, and robust security features. With its automation features, real-time collaboration, and security features, iDox.ai is the ideal solution for businesses that need to manage their documents efficiently and securely.
Friday February 17th 2023
Accelerate Data Subject Access Requests (DSARs)
By Greg Sallis In the new digital age, data privacy rights are top of mind for consumers and regulators alike. One fundamental data privacy right allowing individuals to access their personal data (commonly known as a "data subject access request" or "DSAR"). If your company holds personal data about EU citizens, you must respond to DSARs within one month. This is per the EU's General Data Protection Regulation (GDPR), a failure for which you could face a hefty fine. However, responding to DSARs can be time-consuming and resource-intensive, especially if you’re doing it manually. Fortunately, you can accelerate DSARs by automating the process. Here is more insight into how automating DSARs in your organization can save you time, money, and the headache associated with these requests. Fast Verification of the Subject's Identity The first step in responding to a DSAR is verifying the data subject's identity. This process can be laborious when done by hand, [GS1] ">as you have to send physical documents back and forth. But with automation, you can use digital identity verification tools to verify the data subject's identity electronically. You can ask the subjects to verify their identity using technological approaches such as SMS/email and SSO/OIDC. You can also verify the identity by integrating the data with third-party verification tools such as Experian. Faster Retrieval of Data The next step in responding to a DSAR is retrieving the data requested. This process can take time, especially if the data is spread across different systems. Automation can speed up this process by centralizing the data in one location and using intelligent search tools to locate the data quickly. For example, you can use data discovery tools to crawl through all your data sources and automatically index the data. This will make it much easier and faster to find the data when needed. You can also use search tools with natural language processing (NLP) capabilities to help you efficiently locate the data. Faster Data Redaction One crucial step in responding to a DSAR is redacting the data. When responding to data access requests, you must find and redact confidential and sensitive data. Redaction is necessary to protect the privacy of other people whose data may be included in the request. Manually redacting data can be a slow and tedious process. But with automation, you can use optical character recognition (OCR) tools to identify and redact sensitive data. Redaction technology will scan documents and automatically identify and redact confidential information such as credit card and social security numbers. The best thing about this technology is that it can redact faces, audio, and video files. Improved Accuracy When responding to DSARs, it’s essential to be as accurate as possible to avoid penalties. But manual processes are often error-prone, leading to inaccuracies in the data. Automation can improve the accuracy of DSAR responses by using tools such as natural language processing (NLP) to check for errors. NLP can help you identify and correct any mistakes in the data before it’s sent to the subject. Automation will reduce errors such as forgetting to redact sensitive information, sending data to the wrong person, or accidentally deleting data. Streamlining the Data Intake Process When responding to DSARs, you must collect data from multiple sources and put it together. This can be a challenge when done manually, as it requires coordination between different departments. But with automation, you can streamline the data intake process by creating an automated workflow. This will ensure that all the data is collected and stored in one central location. The workflow will also help you track the progress of the DSAR and see where any bottlenecks are. As a result, you will realize enhanced efficiency when responding to DSARs. Reduced Costs Responding to DSARs can be costly, especially if you have to hire staff to do it manually. But the right technology can help you reduce the costs associated with DSARs. The technology will help you save on labor costs, as you won’t need to hire as many staff to respond to data access requests. It will also help you save on storage costs, as you won’t need to keep as much data on hand. In addition, you won’t need to use as much processing power to respond to data access requests, which will reduce your processing costs. Accelerate Data Subject Access Requests (DSARs) With Automation Responding to data subject access requests doesn’t have to be a headache. Automation will make the whole process a breeze, from verifying subjects' identities to redacting data. Not only will this save you time and money, but it will also improve the accuracy of your responses. So if you’re looking to streamline your DSAR process, automation is the way to go. Add RCN quote from homepage and read case study button to send audience to RCN case study.
Feb 17, 2023
Tuesday February 14th 2023
4 Ways Regulatory Compliance is Critical for Business Success
By Alisa Fetic Why is Regulatory Compliance Crucial for Business Success? 1. Defending Stakeholders and Customers The protection of stakeholders and customers is one of the main benefits of regulatory compliance. The purpose of laws like the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR) is to safeguard individuals' personal information and ensure that it is used in a morally and responsible way. For instance, the GDPR mandates that enterprises seek individuals' explicit consent before collecting their personal data. Additionally, they must grant people the right to data portability and the capacity to access, correct, or remove their personal information. These guidelines aid in making sure people have control over their personal information and that its usage complies with their expectations. The CCPA regulation also helps in consumer protection. Organizations are obligated by the CCPA to put reasonable security measures in place to safeguard personal data, and they are also required to notify people immediately if there is a data breach. Organizations may establish their dedication to safeguarding the interests of stakeholders and customers by adhering to these standards, which also helps to increase consumer trust in their brand. 2. Reducing risks Regulatory compliance allows firms to reduce legal and financial risks in addition to protecting stakeholders and consumers. Avoid going the way of the Chinese company Didi Global , which was forced to pay a staggering $1.19 billion in fines for breaking data protection rules. Organizations are able to lower their risk of legal action and financial penalties that may follow non-compliance by operating within the confines of the law. For instance, financial institutions are expected to create strong cybersecurity processes and routine risk assessments under the NYDFS Cybersecurity Regulation to safeguard sensitive data from cyberattacks. Additionally, businesses are obliged to provide recurring reports to the NYDFS on the progress of their risk management and cybersecurity programs. Organizations can demonstrate their dedication to cybersecurity and reduce their risk of facing monetary fines and legal action in the case of a breach by adhering to these guidelines. 3. Taking Care of the Environment Compliance with regulations is crucial because it contributes to environmental protection, which is another factor. To lessen pollution and safeguard natural resources, laws like the Clean Air Act and the Clean Water Act were passed. Organizations must, for instance, keep their emissions of air pollutants like greenhouse gases that fuel climate change to a minimum under the Clean Air Act. By doing so, the environmental and public health effects of these pollutants are lessened overall. Similar to this, organizations are required by the Clean Water Act to keep the quality of the country's rivers up to par and to limit their release of pollutants into waterways. This aids in preserving and safeguarding for future generations the water resources we rely on for drinking, recreation, and wildlife habitat. In addition to being beneficial to the environment, following these standards is also advantageous to business. Businesses may establish a good reputation and draw in clients that care about environmental issues by showcasing their dedication to sustainability. Additionally, firms can lower their operational expenses, lower their risk of legal action, and perhaps even be eligible for tax rebates and other benefits by minimizing their environmental effect. 4. Building Trust and Protecting Reputation Compliance with regulations is crucial for preserving a company's reputation and fostering customer confidence. Consumers and stakeholders want businesses to conduct themselves in an ethical and responsible manner, and breaking the law can harm an organization's brand. For instance, a business can show that it is committed to safeguarding sensitive information and ensuring that it is used responsibly by complying with laws relating to data privacy and cybersecurity. Customers and other stakeholders who are worried about the protection of their personal information can gain trust as a result of this. Similar to this, an organization shows its dedication to sustainability and reducing its environmental impact by adhering to rules about environmental protection. Customers and other stakeholders who care about environmental issues and the future of our world will trust you more as a result of this. In conclusion, it is essential to comply with regulatory requirements in today's business environment. This type of compliance helps businesses to avoid legal and financial risks while also protecting their customers and shareholders. Compliance with regulations conveys that the organization is serious and responsible in its practices, increasing trust in their brand. Understanding current regulations as well as putting systems in place to guard document security is critical for companies wanting to stay ahead of the game.
Feb 14, 2023
Tuesday February 14th 2023
11 Regulatory Requirements for Business Success
By Alisa Fetic What is Regulatory Compliance? In every sector, regardless of its size, laws and regulations exist to safeguard the public. Regulatory compliance involves following such rules to ensure companies are adhering to the laws and regulations while protecting the interests of stakeholders and promoting ethical practices. Regulations can cover a vast range of topics including privacy, security, health and safety, financial reporting, and environmental protection. Organizations need to comprehend their obligations, embrace policies supporting those obligations, consistently monitor their compliance status, and have systems in place for detecting violations. Regulatory compliance may seem daunting for some due to the frequently changing digital world. However, with a proactive strategy, investing in tools and experts as well as staying tuned on updates in regulations, organizations can make sure they are compliant and that they are providing proper stakeholder protection. All in all, regulatory compliance is an essential part of successful corporations and it's essential that they clearly understand what they need to do and how they should do it. With correct precautions like taking a proactive stance, investing in the right technologies and resources as well as remaining informed on new legislation – companies can meet these qualifications effectively whilst safeguarding the interests of their shareholders. What are the 11 regulatory requirement for business success? 1. Data security and confidentiality Organizations are required by laws like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) to safeguard individuals' personal information and make sure that it is used correctly. 2. Cybersecurity To guard against cyberattacks and unauthorized access, organizations must put strong cybersecurity safeguards in place. Specific standards for protecting consumer data are outlined in regulations like the New York State Department of Financial Services (NYDFS) Cybersecurity Regulation. 3. Environmental Defense To lessen pollution and safeguard natural resources, laws like the Clean Air Act and the Clean Water Act were passed. These rules must be followed by organizations to show their dedication to sustainability and lessen their environmental effect. 4. Employee Safety and Health Organizations are required to create a safe working environment for employees and to safeguard their health and well-being by laws like the Occupational Safety and Health Act (OSHA). 5. Consumer Protection To safeguard customers against dangerous goods and guarantee that items are safe for use, regulations like those of the Consumer Product Safety Commission (CPSC) are in place. 6. Financial Reporting and Accounting Organizations are required to adhere to international financial reporting standards (IFRS) and generally accepted accounting principles ( GAAP ) in their accounting and financial reporting (IFRS). 7. Counter-Terrorist Financing (CTF) and Anti-Money Laundering (AML) (CTF) Organizations are required to take action to stop money laundering and the financing of terrorism through laws like the USA PATRIOT Act and the Bank Secrecy Act (BSA). 8. Anti-Corruption and Bribery Organizations are forbidden from offering bribes or engaging in corrupt practices by laws like the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act 2010. 9. Labor and Employment Employees' rights are upheld and fair treatment is guaranteed by laws like the Fair Labor Standards Act (FLSA) and the Equal Employment Opportunity Commission (EEOC). 10. Advertisement and product labeling Organizations must appropriately label and advertise their products in accordance with laws like the Federal Trade Commission (FTC) Act, which also forbids deceptive and misleading advertising tactics. 11. Document Management A strong document management system must be in place for enterprises. A clear and well-organized system for storing, getting access to, and distributing sensitive information is part of this. This is crucial in fields where sensitive information is often shared and maintained, like banking, healthcare, and law. The Federal Risk and Authorization Management Program (FedRAMP), which offers a standardized method of security assessment, authorization, and continuous monitoring for cloud goods and services utilized by the U.S. government, is one of the important regulations to be aware of. FedRAMP mandates that organizations have a thorough document management system in place to guarantee that sensitive data is safeguarded and secure.
Feb 14, 2023
Tuesday February 7th 2023
How to Adapt Automated Redaction For Your Business
By Alisa Fetic Redaction is the process of blacking out or removing confidential or sensitive information from documents. In the past, this was a manual affair that was often highly error-prone — but things are changing for the better. Fast-forward to the modern era, and smart business leaders have made a huge switch: Automated redaction lets enterprises quickly and accurately remove sensitive information without the time-consuming ordeal of manual processes. Automated redaction is more efficient, cost-effective, and secure than manual alternatives. When it comes to regulatory compliance, there's no better way to protect confidential data, avoid serious financial losses, and sidestep irrecoverable reputation damage. Here's how to implement an automated redaction strategy that helps your business thrive. Step One: Understand the tools you need The first step is to determine the proper tools needed for redacting your documents — and select a dependable provider. Many different automated redaction software tools can accurately redact sensitive data from documents and files — but it's essential to choose something that fits the bill for your unique case. For example, you might need a vendor that satisfies HIPAA, GDPR, or other laws. Step Two: Check in with stakeholders to set your goals Gather your stakeholders to identify what information should be redacted. This includes determining both which documents need to be redacted and the types of data requiring removal or obfuscation. Involving all stakeholders in the process raises your odds of identifying sensitive information accurately and performing a complete erasure. Solicit input from IT, legal, and compliance personnel, as well as any other departments responsible for handling confidential information. Step Three: Choose your methodology Next, you need to pick a redaction strategy. Automated redaction tools allow organizations to redact data in a variety of ways. This includes blacking out text, obscuring images, and scrubbing audio and video files. Not all methods are equally appropriate for specific needs. When choosing, always consider these factors as a baseline: The type of data that requires redaction, Who should be involved in the process to minimize potential exposure, The format of the documents, and The level of security required to comply with applicable laws. Step Four: Understand the redaction workflow Next, you need to understand when to redact documents, such as when they're created, before they're shared, or prior to their archival. Organizations should also consider the frequency of redaction. For example, you may want to schedule regular redaction workflows as part of your routine security protocols. Step Five: Implement the redaction process Finally, put your automated redaction process into action. This usually includes setting up your software, training personnel on its proper use, and establishing protocols for identifying and redacting documents. You should also set up systems to track and monitor your progress. This includes setting up alerts to notify personnel when documents require redaction as well as when the process is complete. Get Started With Automated Redaction Adopting automated redaction within your organization is a step in the right direction when it comes to business continuity and security. It keeps confidential information from being shared inappropriately and helps organizations meet their compliance goals cost-effectively. Why does adopting an automated redaction strategy matter? Leaders that integrate automated redaction into their business processes make massive gains, including in terms of time and money spent. They also safeguard against errors by demystifying complex redaction workflows to ensure all data gets handled securely. Want to know more? iDox.ai REDACT simplifies redaction with a focus on automation, accuracy, and compliance — leaving your business with more time for what's important. Chat with one of our experts to get started .
Tuesday February 7th 2023
How Automated Redaction Can Enhance Your Business
By Alisa Fetic In today's fast-paced, highly competitive landscape, successful business strategies are those that are efficient by nature. Automated document redaction software is just one tool organizations can use to make the cut, and offer numerous benefits over the conventional way of doing things. This article will explain the importance of redaction in detail, the challenges usually associated with the process, and how digital tools can solve them. The Undeniable Need for Redaction The use of personally-identifiable information in public systems is highly restricted by courts in most countries. In an effort to protect individuals' privacy, laws require organizations to diligently review their documents for sensitive data and remove or appropriately replace that information prior to publication. This process of obscuring confidential or sensitive information from documents is called redaction. Redaction is an increasingly critical step in the preparation of documents and records for publication, storage, or sharing. Redaction helps organizations comply with laws, regulations, data privacy standards, and/or ethical guidelines. It is also essential for protecting confidential information from unauthorized access or accidental disclosure. Common Challenges and Barriers of Manual Redaction Redacting data from documents is a complex task that requires considerable time and effort. If done manually, redaction is often hindered by resource constraints, the sheer amount of content that needs to be redacted, and the risk of inadvertently missing critical data points that need to be redacted. Manual redaction is also prone to human error and can result in inconsistencies in redaction across documents. Factors like fatigue, inexperience, and lack of attention to detail all contribute to the possibility of missing or incorrectly redacting important information. Organizations must also consider the time and cost associated with manual redaction, which can be significant. This includes staffing costs, the cost of maintaining redacted documents for storage or sharing, and other associated costs. In many cases, the systems businesses put in place to handle their redactions aren't scalable or efficient enough to keep up with the demand. Why and How Automated Document Redaction Tools are the Answer Automated document redaction tools are the twenty-first century's solution to the challenge of public confidentiality. They provide organizations with a powerful way of scanning and processing their files for redactions in a fraction of the time it would take a human team to do so. The greatest advantage this creates is efficiency; anyone familiar with Continuous Improvement (CI) knows that businesses must constantly assess and reassess their operations to identify and eliminate 'wastes' that slow them down. Manually parsing through information - a job that could otherwise be done by a machine - is a perfect example of a non-value added task that can be made more effective with the help of automated redaction tools. Automated redaction tools also offer consistent accuracy, eliminating the potential for human error that is so often associated with manual redaction. This ensures that data privacy and security standards are followed correctly and consistently, which is essential in today's stringent regulatory environment. Automated document redaction tools offer organizations an invaluable solution to the historic inefficiencies of manual methods. By taking the time to understand and implement these tools now, businesses can save themselves plenty of headaches, hours, and dollars in the future.
Tuesday February 7th 2023
How to Manage Unstructured Documents for Your Business
By Alisa Fetic Unstructured documents are free-form documents without structure, but you can still scan, capture, and import them digitally. When it comes to business documents, we think of anything structured as an item we can store in online databases or cloud software. In the case of modern businesses, this is how we receive most of our information, ranging from client order forms to employee healthcare information. Everything is digital. However, there are still unstructured documents that many businesses utilize, but they can add to their collection of structured documents without issue. These might include letters, paper forms, or contracts. There's no denying that unstructured documents play a role in present-day businesses, even with the ever-evolving role of technology. Finding a solution to deal with unstructured data and documents is essential, and we can help. Automation and Unstructured Data Automation and unstructured data go hand in hand when optimizing business operations. Automation enables organizations to quickly process large volumes of unstructured data and transform it into actionable insights. With the right software, companies can use unstructured data to gain new insights more quickly and at a higher level of detail than was previously possible. Automation also frees up human resources to focus on driving the organizational strategy. Leveraging automation means identifying patterns in unstructured data and then applying rules-based algorithms to transform it into a structured form. This process helps businesses better analyze the data and uncover hidden correlations that may not have been apparent. By automating processes, businesses can more quickly identify and take advantage of opportunities in the market that they may have missed with manual processing. In addition, we can use automation to streamline operations, improve efficiency, and reduce costs associated with processing large data sets. Automating Redaction and Detection The automated redaction and detection of documents can save companies time, money, and resources. By automatically redacting sensitive information, companies can reduce the manual work needed to protect data, allowing them to focus on their core business activities. Automated detection also increases the accuracy of sensitive data detection and ensures that all documents comply with applicable regulations. This accuracy and compliance can help reduce the risk of data breaches and other security-related issues. Automated redaction and detection can also help companies stay organized by allowing them to identify and track sensitive information in documents quickly. It's a fantastic way to help companies reduce their carbon footprint by reducing the need for paper-based (or unstructured) document processing. A Solution for Managing Unstructured Data Managing unstructured data can quickly become overwhelming for many businesses, regardless of size or industry. However, that management is crucial to allow companies to store large amounts of data in a secure and organized manner, making it easy to access, analyze and use for various purposes. AI-powered services can be life and time-saving for auto-redaction, contract review, and digital document comparison. Finding a flexible solution that works for you and your unstructured data needs can help you advance your company while taking a ton of manual work off your plate!
Tuesday February 7th 2023
Latest Data Breaches To Learn From
By Alisa Fetic Cybersecurity attacks remain a top threat for businesses as more and more companies devise proactive measures to secure their data. More than 4,000 publicly disclosed data breaches occurred in 2022, exposing over 22 billion records to bad actors. IBM reported that the average cost of data breaches increased from $4.24 million in 2021 to $4.35 million in 2022—representing a 2.6% increase. While the financial loss resulting from data breaches is significantly high, the real impact on businesses runs much deeper; reputational damages, legal liabilities, and loss of customer trust. Unfortunately, cybersecurity threats aren’t going away. In fact, they get more sophisticated by the day. These threats affect businesses of all sizes—big and small, so it’s vital for organizations to take appropriate measures to thwart the attacks. This article discusses the most notable data breaches that occurred in December 2022. 1. Uber Uber, the global mobility company, suffered a series of attacks in 2022. In September, the company suffered a data breach from an alleged “teenager” threat actor. The hacker compromised the company’s ride-sharing system, gaining access to confidential user data. Uber reported that the attacker downloaded some internal slack messages and accessed data from an internal tool the company uses to manage invoices. Its latest attack happened in December 2022. On December 10 th , a new trove of Uber data was posted on BreachForums. The leaked data included personally identifiable information (PII) of 77,000 Uber employees, source code, and the company’s internal reports. Uber announced on December 12 th that a hacker going by the name “UberLeaks” gained access to their employees’ data and was posting it on social forums. The company believes the attackers accessed its data in a recent breach on TeqTivity—a vendor Uber uses for tracking services. 3. Rackspace On December 2 nd , Texas-based cloud computing giant Rackspace was hit by a ransomware attack, leaving thousands of customers worldwide without access to their data. A few days later, the firm revealed that it was dealing with a security incident that forced it to shut down its Microsoft Exchange Server. Shortly after, Rackspace confirmed that the incident was indeed a ransomware attack. The company also warned its customers not to hand over their sensitive information to anyone who may contact them requesting such information over email or phone. Rackspace didn’t disclose which ransomware group was behind the attack and whether customer data was compromised. The company has received widespread criticism for concealing critical information about the incident. So far, at least two lawsuits have been filed against the company. 2. Last Pass On December 22 nd , the beleaguered password manager giant Last Pass confirmed in a blog post that a hacker had infiltrated their system in an August data breach attempt. Customers’ data may have been at risk of being exposed in a data breach that targeted a database of encrypted password vaults. The hacker used data they stole in the August breach to compromise another employee and obtain credentials that allowed them access to the password database. But just because the attacker gained access to the encrypted vaults doesn’t mean they accessed the passwords. While they have the vaults, it would still be difficult for them to access the passwords, though not impossible. It’s just the first step to cracking the passwords. Wrapping Up 2022 has been a busy year for security professionals as data breaches have affected millions of users and cost companies billions in damages. As attackers advance their strategies, organizations should tighten their security policies to thwart cyberattacks and minimize damage.