Actfore Selected As 2024 “Overall RegTech Company of the Year” By LegalTech Breakthrough

RESTON, Va., November 21, 2024 – Actfore, a leader in AI/ML-powered data mining for cyber breach incident response, today announced it has been named “Overall RegTech Company of the Year” in the 5^th annual LegalTech Breakthrough Awards program conducted by LegalTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout legal technology companies, products and services around the globe.

Actfore disrupts data mining for cyber-breach incident response (IR) with AI/ML-dominant tech-first methodology that allows legal counsel to rapidly detect and uncover sensitive data accessed by a threat actor. Actfore’s technology-first workflows automate both simple files’ and complex documents’ review in hours and days, in stark contrast to the industry average of months. The company’s approach improves efficiency while also enhancing the security and reliability of the output, and retaining all data on-premises and on-shore.

“Actfore solves three key challenges that have long plagued data mining for incident response: delayed timelines, inaccuracies in deliverables, and pricing uncertainties. Traditional approaches to data mining have led to widespread frustration. Most data mining vendors prioritize manual review and yet they  often fail to honor their quoted price and timeline, leading to problems with speed, accuracy, and deliverability,” said Bryan Vaughn, Managing Director, LegalTech Breakthrough. “Actfore prioritizes organizations’ needs and doesn’t budge on non-negotiables like time, accuracy, and cost. The company’s introduction of AI/ML automation presents customers with the fastest, most accurate, and comprehensive picture of information compromised in a breach, allowing organizations to make crucial decisions sooner. Actfore speeds up notification cycles 10x, presenting a decisive step forward.”

AI/ML automation streamlines the process of identifying and reviewing data elements, including PII and PHI, across 2000+ languages compromised by threat actors following a cyber incident. Actfore’s solution, honed over 1000 deployments since inception, utilizes techniques such as RegEx, keyword searches, workflow automation, thematics, proximity, and pattern identification. Automated extraction capabilities allow any customization including but not limited to 130 data elements for both nationwide and global deployments.

Comprehensive reports are customized for jurisdictional requirements and each responsive file is collapsed down to a single entry per individual. Actfore’s incident response solution is deployed on-premises, in the cloud, or at the company’s secure lab in Virginia providing both forensics and extraction capabilities for counsel, insurance carriers, and clients. An on-shore solution eliminates the need for international data transfers—a risky industry standard.

“It’s a true honor to be named ‘Overall RegTech Company of the Year’ by LegalTech Breakthrough. Actfore’s mission is to revolutionize data mining for breach notifications with a tech-first and AI-dominant approach, making sure that already compromised sensitive information never needs to be sent overseas for manual processing and remains secure,” said Christian Geyer, CEO and Founder of Actfore. “Our commitment to continuous product innovation by expert data scientists aims to keep tech-dominant IR, not just the most secure, but also the most cost-effective choice for counsel, carriers, and clients as well.”

The mission of the annual LegalTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the legal technology industry today. This year’s program attracted thousands of nominations from over 12 different countries throughout the world.