Identity Finder Rebrands as Spirion, Hires New CEO and Reveals Results of Enterprise Sensitive Data Audit

LOS ANGELES, CA--(Marketwired - Jul 28, 2016) - Identity Finder LLC (www.IdentityFinder.com), the leading provider of sensitive data risk reduction solutions, today announced it has changed the company name to Spirion, and appointed Dr. Jo Webber as its chief executive officer (CEO). It also announced the results of its enterprise sensitive personal information data audit. Dr. Webber brings more than 16 years of experience leading global technology companies. The new brand and website (www.spirion.com) reflects the company's ongoing mission to leverage its deep knowledge of content, context, data, documents, risk and analytics to deliver a solution that provides cost effective and complete management of the sensitive data risk within the extended organization. Spirion's Data Platform was developed for CISOs, CIOs, and vice presidents of IT and IT Security to prevent the deliberate theft and accidental loss of sensitive data.

Eliminating Risk Starts with Knowing Where All Sensitive Enterprise Data exists
In today's data driven world, data has massive advantages, including consumer convenience and business intelligence. But with that usefulness comes potential risk, including data loss that can quickly lead to compliance violations and fines. According to Ponemon's 2016 Annual Cost of Data Breach report, the per-record cost of a data breach reached $154 this year, up 12 percent from last year's $145 and the average total cost of a single data breach rose 23 percent to $3.79 million. Compounding matters is the fact that sensitive data at many organizations are subject to uncontrolled sprawl, which further increases organizational risk and consists of:

• Excessive data collection beyond a business' needs

• Rampant and uncontrolled data duplication

• Flawed business practices

• Long and unnecessary data retention

• Document/file/data sharing within and outside of an organization¹
  
  

Spirion recently completed long term sensitive data audits at three of its largest enterprise sites, which included a large multinational manufacturer, leading healthcare technology company and a major university. During the audit, the company discovered that if left unchecked, every legitimate piece of sensitive data will create up to 1000 unnecessary copies. What's more, the company found that if left unmanaged, for every legitimate user of sensitive data, up to 100 additional users will have access to it. These assessments are based on before and after audits of the implementation of Spirion's Data Platform.

"Everyone can identify with sensitive data sprawl. We see it happen on our laptops every day with documents and emails that we are working on. If you've ever applied for a mortgage, chances are your social security number and lots of other pieces of sensitive data have been replicated several times on your laptop. Now magnify that to a company with thousands of employees, and you can understand why our customers are finding millions of pieces of sensitive data lying unprotected on their networks," said Dr. Jo Webber CEO of Spirion. "The good news is that once discovered, it can be automatically classified and remediated according to your rules and policies. This automatic discovery classification and remediation process is ongoing and will help your business clean up the problem and protect against sensitive data sprawl into the future."

DLP solutions are reactive, built on the faulty assumption that they can catch every thief in the act and prevent every mistake with real-time monitoring, detection and blocking at the gateway. Common sense and the plethora of breaches in the news show this isn't so. Spirion's discovery engine actually catalyzes the effectiveness of traditional DLP solutions by allowing for the accurate and contextual discovery and classification of truly risky data without false positives. The platform gives customers the ability to set policy based on specific business needs and offers a real time historical database and remote cloud discovery to find data anywhere at any time. And the entire solution is automated, persistent and features automatic and user driven classification definitions to satisfy internal development teams.

"Companies that rush into data in motion DLP solutions without first eliminating their data sprawl and classifying their data, could be wasting time and money with solutions that don't attack the source of risk and sensitive data sprawl, leaving organizations with immeasurable exposure," said Garrett Bekker, senior analyst in the enterprise security practice at 451 Research. "When DLP is used in concert with sensitive data risk reduction software, organizations can better protect sensitive data from intentional or unintentional breaches while at the same time reducing its footprint."

About Spirion's Data Platform
Spirion accurately finds all sensitive data, anywhere, anytime and in any format on endpoints, servers, fileshares, databases and in the cloud with practically zero false positives. The software eliminates and prevents sensitive data sprawl by reducing the sensitive data footprint by 99 percent or more and operationalizes data protection policies and controls to meet a broad range of compliance requirements from PCI to PII to HIPAA and beyond. In addition, Spirion scales enterprise-wide across many users and locations and enables the effectiveness of gateway DLP, encryption and other network security solutions.

Company Milestones
The company has experienced the following growth and accolades over the last four of months:

• New CEO: Spirion brought in Dr. Jo Webber to lead the company. Jo is an experienced technologist and software company CEO who has led three previous companies including Energy Solutions International, an Inverness Graham Portfolio company. Company founder Todd Feinman will be moving into the role of Chief Product Officer and will focus on the continued innovation of the platform and scaling performance globally.

• Company Growth: In May, Spirion announced 250 percent growth in customer acquisition. Corporations across aerospace, pharmaceutical, insurance, higher education, financial services, state and local government and general retailers in addition to new high profile customers that include Texas A&M, State of Georgia Dept. of Banking, The Rosenthal Collins Group and Amicus Therapeutics have turned to Spirion to safeguard their sensitive data from attackers.

• Gartner Cool Vendor: In addition to rapid market adoption, Gartner, the third party IT analyst firm, recently recognized Spirion as a Gartner Cool Vendor in its Cool Vendors in Communication Service Provider Security Solutions sector for 2016. Gartner's Cool Vendors reports recognize companies that have developed truly innovative solutions in the security arena.

• Landmark higher education customer win: In April, Spirion announced the University of South Carolina, noted by U.S. News & World Report as one of the most promising and innovative schools, has become their 500th customer in the higher education market.
  
  

Availability
The Spirion Data Platform is available now. For more information, please visit: www.spirion.com

Visit the Spirion blog: www.Spirion.com/blog
Follow Spirion on Twitter: @Spirion
Follow Spirion on LinkedIn: https://www.linkedin.com/company/spirion

About Spirion
Spirion, headquartered in Silicon Beach, is the leading provider of sensitive data risk reduction solutions. The company's Data Platform accurately finds all sensitive data, anywhere, anytime and in any format on endpoints, servers, fileshares, databases and in the cloud with practically zero false positives. The software eliminates and prevents sensitive data sprawl by reducing the sensitive data footprint by 99 percent or more and operationalizes data protection policies and controls to meet a broad range of compliance requirements from PCI to PII to HIPAA and beyond. Spirion has thousands of customers among leading firms in the healthcare, public sector, retail, education, financial services, energy, industrial, and entertainment markets. For more information visit the company at www.spirion.com.

¹= The Identity Diet, H Bagdasarian, 2010