Veritas Brings Data Classification to eDiscovery Platform to Help Organisations Improve Regulatory Compliance
Veritas Technologies, a leader in multi-cloud data management, have unveiled advances to the company’s eDiscovery Platform with new data classification features designed to help compliance and investigation teams ensure regulatory compliance, avoid massive fines and mitigate reputational damage. The new technology also helps organisations manage personal identifiable information (PII) and Subject Access Requests (SARs).
Within the European Union, individuals already have the right to make SARs and they can ask an organisation to deliver all of the personal data that the organisation holds about them. In addition, individuals can request the purposes for which that data is being processed and which organisations receive it. These requests will soon become of global significance as the forthcoming General Data Protection Regulation (GDPR) enhances data subjects’ rights over personal data and will require organisations to adhere to a month time limit on SAR responses. However, meeting this time frame may be difficult, as many organisations have limited visibility into what data they have and where it is located.
SAR preparedness is a critical component of any GDPR compliance strategy and there are a number of ways organisations are preparing to become GDPR ready. New Veritas research reveals that many businesses around the world are starting to embrace a compliance culture that extends across the entire company.
According to Veritas research, data continues to grow at an annual rate of 49 percent globally, and as a result, organisations are storing more data on-premises and in one or more clouds. This fragmentation means organisations have limited visibility into what data they have and where it is located, so finding relevant personal data in a timely fashion becomes a significant challenge.
Veritas’ latest eDiscovery Platform directly addresses these challenges by helping organisations quickly pinpoint personal data and review it to assess what personal data should be disclosed and what may be lawfully withheld. In addition, the eDiscovery platform will deliver a response package electronically that sufficiently addresses the GDPR’s SAR requirements so businesses can help ensure regulatory compliance, avoid massive fines, and mitigate reputational damage.
“Data is growing at an exponential rate and we are continuing to see a global rise in industry-specific and data protection regulations,” said Rama Kolappan, vice president, Product Management and Alliances, Veritas. “Organisations are in urgent need of tools that can accurately review, cull and manage relevant data regardless of where it resides within an organization. With the release of our latest eDiscovery Platform, we are helping customers respond quickly and efficiently to requests and manage their regulatory and investigative matters with a single, easy-to-use application.”
About Veritas Technologies
Veritas Technologies empowers businesses of all sizes to discover the truth in information—their most important digital asset. Using the Veritas platform, customers can accelerate their digital transformation and solve pressing IT and business challenges including multi-cloud data management, data protection, storage optimization, compliance readiness and workload portability—with no cloud vendor lock-in. Eighty-six percent of Fortune 500 companies rely on Veritas today to reveal data insights that drive competitive advantage. Learn more at www.veritas.com.