Donnelley Financial Solutions (NYSE: DFIN), a leading risk and compliance company, announced a first-of-its-kind Data Privacy Assessment tool for its Venue virtual data room product.
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Venue’s latest intelligent technology is transforming how companies meet their data privacy obligations by scanning data room content to find the Personally Identifiable Information (PII) that may put firms at risk. After automatically identifying and visualizing potential exposure, Venue empowers professionals to instantly redact sensitive data 91%+ faster with this tool. The two-step process mitigates potential losses related to data leaks, without manual effort.
“Venue’s Data Privacy Assessment tool is a gamechanger for VDRs. We’re the first in the market to automate risk assessments. Now, our clients can scan and auto-redact sensitive data, saving them valuable time often allocated to manual search and redact processes,” said Craig Clay, president of Global Capital Markets at DFIN. “Our clients are thrilled about the ways this tool makes their jobs significantly easier and allows them to get ahead of near-constant regulatory changes.”
As compliance requirements expand every day, the Data Privacy Assessment tool is an invaluable, indispensable asset. Dannie Combs, senior vice president and CISO at DFIN, explains why this tool is so important right now. “We know that security and data privacy are the highest priorities for organizations. Protecting your reputation, profits, deals and projects depend on your ability to work smarter. This tool gives professionals a deeper understanding of their liability, and empowers them to minimize it immediately, anywhere in the world.”
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