Continuing its efforts to woo enterprise users in heavily regulated industries, Box on Monday announced a new add-on tool for its cloud storage service that’s designed for managing sensitive data.

Box Governance targets organizations in areas such as financial services, healthcare and higher education, and aims to help users comply with regulatory policies, satisfy e-discovery requests and effectively manage sensitive business information such as credit card numbers or social security numbers.

The new service comprises three key capabilities. First is a retention-management feature that had been in beta since February, when Box announced its cloud offering tailored for financial services firms. Now generally available, the feature allows users to set automated policies for controlling the preservation and deletion schedules of their organization’s business documents.

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