Data Discovery & Classification
The Challenge
Data is a critical asset for organizations and its protection is essential to maintain trust with customers and avoid financial losses. Data breaches can result in significant reputational damage and legal liabilities, making it essential for organizations to take proactive measures to protect their sensitive data. It is crucial for organizations to identify the value and importance of data, so that they can make informed decisions and focus on the most critical information to protect.
The MAGSYS Solution
Data Discovery & Classification Practices involve identifying, categorizing and securing an organization's data assets based on their sensitivity and importance. MAGSYS uses the latest tools and techniques to scan an organization's environment and identify all data sources, such as databases, file servers and applications. Once data sources have been identified, the data is classified based on various factors such as regulatory requirements, data type and value to the business.
The MAGSYS Method
MAGSYS offers solutions to help businesses identify and classify their data by automating the process of classification based on industry standards and predefined policies. This approach helps businesses identify sensitive information, apply appropriate security controls and comply with regulations. These solutions also provide reporting and analytics capabilities to enable businesses to make informed decisions based on their data. Furthermore, data retention policies can be established to ensure that data is disposed off properly when it is no longer needed, reducing the risk of data breaches. By implementing the Data Classification Solutions, businesses can protect their sensitive data assets and mitigate potential risks associated with data breaches.