Concentric AI, a leading provider of SaaS-based data security posture management and access governance solutions, has forged a strategic distribution partnership with TRINEXIA to serve the rapidly growing Middle East and India markets.
With the explosive growth and investment in Middle Eastern and Indian economies, they are becoming increasingly a target for bad actors. According to Concentric AI’s Data Risk Report for the second half of 2023, 83% of companies’ most at-risk data is overshared. And according to IBM’s 2023 Cost of a Data Breach report, it costs an estimate $155 – $175 per record to clean up. Data is a vulnerable area of an organization’s attack surface that is expensive to clean up if breached.
Understanding data management involves three crucial questions: what constitutes one’s data, where it resides within the enterprise, and who has access and their intent. Data encompasses a range of assets, from crown jewels to sensitive information. Ensuring visibility across the enterprise is vital to combat shadow IT and storage issues. Managing access rights and discerning intentions are equally critical, addressing concerns such as over-permissive sharing and insider threats.
Karthik Krishnan, CEO at Concentric AI, highlighted, “As infrastructures become more and more complex, understanding what and where your data is and who access to it has become a major challenge for enterprises. We have built Semantic Intelligence™, powered by AI, to answer these questions. With our leading Data Security Posture Management (DSPM) solution, enterprises can discover, classify, monitor, and protect their on-premises and cloud data. Our partnership with TRINEXIA joins our cutting-edge technology with TRINEXIA’s trusted cybersecurity services to bring world-class data security to the Middle East & India.”
TRINEXIA, renowned for its expertise in Governance, Risk, and Compliance (GRC) services, will spearhead the distribution of Concentric AI’s cutting-edge Semantic Intelligence DSPM product. This collaboration aims to empower data-sensitive industries, including Financial Services, Healthcare, Energy, and Manufacturing, by providing them with advanced data security solutions tailored to their unique needs within the region.
“We are thrilled to welcome Concentric AI into our cybersecurity portfolio. Their innovative solutions represent a significant step forward in enhancing data security posture for enterprises and small to medium-sized businesses (SMEs). We anticipate seamless integration of Concentric AI’s cutting-edge technologies into existing infrastructures, facilitating streamlined processes and optimized performance for organisation in the Middle East and India regions. Furthermore, we are confident that their offerings are well-aligned with the regulatory frameworks and compliance standards prevalent in the regions we serve. This alignment not only ensures adherence to legal obligations but also underscores our commitment to maintaining the highest standards of ethical conduct and data integrity.” said Laurence Elbana, Director – Europe, Middle East & India at TRINEXIA.
