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1、Data Classification DecodedLEVERAGING AI FOR GOVERNANCE AND PROTECTION1.13Defining Data ClassificationThe term data classification has multiple uses and meanings.In the context of this session,we will define classification as:“the process of understanding and organizing information based on what it
2、contains,regardless of the classification framework.”2Some of the different types of data classification included in this presentationSensitive informationCategories of recordsOrganizations data classification taxonomyCVsPassport numbersClient listsAddressesPHIOther PIICredit cardsSocial Security Nu
3、mbersBank account numbersBoard meeting minutesBroker communicationsTrade secretsFinancial reportsHR RecordsTax filingsContracts and legal agreementsInvoicesAML ReportsPublicGeneral/internal onlyLegally privilegedConfidentialHighly confidential.13WHY ARE CLASSIFIERS IMPORTANT?Why are Classifiers Impo
4、rtant and Whats New?Data Classification enables the compliant actioning of data3Enables compliance with data lawsLower regulatory risk&auditable compliance from knowing your dataImproves access controls&Insider Risk Management(IRM)Stronger governance without slowing collaborationSupports defensible
5、eDiscover,Legal hold&InvestigationsReduced legal costs and investigation timelines through reduced data volumes&knowing your dataProtects the organizations most valuable information assetsSecurity can be aligned to business value&sensitivity reducing exposure to IP TheftImproves incident response&br
6、each managementFaster breach understanding,better regulator outcomes through PII classificationEnables proportionate security controlsBetter security with lower operational overhead aligned to Data classificationEnables safe use of AI,analytics&automationInnovation without violating trust or law thr