By Chris Matthews
Technology advisory and security firm Richard Fleischman & Associates (RFA) has this month launched a new data governance product in partnership with Varonis Systems, HFMTechnology can reveal.
RFA Data Governance offers firms the ability to track all data usage within their organisations, receive alerts when anomalous activity occurs and manage data access controls. The SaaS solution, which utilises Varonis’ existing data solutions, is available as part of the firm’s cloud suite of products and as a standalone product.
CTO Grigoriy Millis told HFMTechnology: “How do we know what user has permissions to what data? How do we know who does what with the data? And how do we know where to store the sensitive data to begin with?
“This is what the data governance and data audit solution provides. As an extra benefit it acts as a supplement to other cyber-security solutions, specifically around intrusion detecting.”
Set-up in 2006, Varonis works with more than 2,000 clients across financial services and other industries and offers a variety of data management services. In February it raised $106m in its IPO, with shares standing at $26 as of Monday 20 April.
The partnership with Varonis is also a way to “level the playing field” for smaller firms according to RFA’s chief information officer.
“From a compliance perspective, it is hard for a smaller shop to go and spend initial capital to make sure they have this implemented and so this is more levelling the playing field and making sure everyone has access to the same technology,” Michael Asher said.
Asher said that the new product will help reduce the need for compliance officers to monitor data activity within organisations.
“In a situation like this the burden and headache is removed from the compliance officer and you are able to track data based on the sensitive information that is in a document,” he added. “This software actually looks inside a document and identifies patterns and personal information that needs to be protected.”
The announcement from RFA, which launched its EMEA headquarters in London in March, comes just months after the firm added a virtual CISO service to its range of risk management, security and cloud-centred products.