1. A method for managing information within an electronic file, the method comprising: analyzing a plurality of information sets within an electronic file; comparing at least one of the information sets in the plurality of information sets to at least one statistical classification model, wherein the statistical classification model includes one or more probabilities associated with a plurality of analyzed information sets, wherein the one or more probabilities indicate a first likelihood that a respective analyzed information set is classified as sensitive information and a second likelihood that the respective analyzed information set is classified as non-sensitive information; continually adaptively updating the at least one statistical classification model that includes the one or more probabilities associated with the plurality of analyzed information sets, adapting the one or more probabilities associated with the plurality of analyzed information sets based on continually received information; determining that the at least one information set substantially matches at least one analyzed information set in the statistical classification model; determining that a probability associated with the at least one analyzed information set is above a given threshold; classifying, in response to determining that the probability associated with the at least one analyzed information set is above a given threshold, the at least one information set as sensitive information; in response to classifying the at least one analyzed information set classified as sensitive information, identifying, without user intervention, at least one equivalent form of the at least one analyzed information set; updating the at least one statistical classification model with the at least one equivalent form that has been identified; in response to the at least one analyzed information set being classified as sensitive information, record a context of the at least one analyzed information set, wherein the context indicates that the at least one analyzed information set is one of a sentence, a paragraph, a word, and an entire page; and update the at least one statistical classification model with the context that has been recorded for the at least one analyzed information set that has been classified as sensitive information.