Informatica said Wednesday the tool, available by the end of April, is designed to identify, classify and locate confidential data “wherever it resides, ” offering users insights that could support them when planning against threats and building audit and privacy initiatives.
“The major data breaches during the past two years have cost consumers and businesses more than $445 billion worldwide, according to analyst estimates, not to mention loss of confidence in retailers, financial institutions, healthcare organizations and beyond, ” said Anil Chakravarthy, executive vice president and chief product officer at Informatica.
Amit Walia, senior vice president and general manager of the data security group at Informatica, added, “The growing societal demand for strengthened data privacy and anticipated legislation around cyber-security, including notification of data breaches and data residency laws, are just two reasons why data-centric security is becoming so important a tool.
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