Startup company BigID is developing a tool to help businesses navigate the risks they face while storing and processing personal data, TechCrunch reports. The tool aims to improve visibility of customer data, alerting businesses to who is accessing it, and where it’s being held. With EU’s General Data Protection Regulation on the horizon, BigID says companies will need to have a stronger grasp of data protection processes. “The most important assets a company has are the digital identity assets of their customers and right now they don’t really have a good system for managing those assets. For understanding where they are, how at risk they are, and how they’re getting used,” said BigID co-founder Dimitri Sirota. The company announced a $2.1 million seed round to get the tool to market, with a prospective launch in September. In related news, startup company Agari raised $22 million to help organizations combat email phishing attacks.
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