Virtual Data Rooms are a surefire way to help boost your security and minimise exposure to legal risks when it comes to highly secure matters. Whether your dealmaking, or undertaking legal case management, making use of a data room is vital if you’ve got a lot at stake. Here are just a few ways in which switching to a trusted Virtual Data Room (VDR) provider like Projectfusion can help:
1. Enhanced Data Protection and GDPR Compliance
Choosing a secure data room means you can adherere to GDPR & HIPAA standards, safeguarding sensitive information and avoiding potential huge financial and reputational penalties. Secure data rooms help mitigate risks like confidentiality breaches, data theft, and compliance issues across various jurisdictions. Projectfusion can help here as we meet GDPR standards, being both ISO27001 & CyberEssentials certified.
2. Importance of Server Location
Your data hosting requirements may mean you need hosting in a particular geolocation (for example to comply with EU law). Projectfusion offer a wide range of hosting locations to help meet your needs.
3. Advanced Security Features
Data rooms should offer robust security features, including SSO, data encryption, and granular access control. These features, along with comprehensive reporting and monitoring, prevent unauthorised access and ensure data integrity. Luckily Projectfusion has all of these features!
4. Post-Transaction Data Security
Securing transaction data post-deal is critical. Being able to archive data post transaction should be an option for any reputable data room supplier. We offer a range of options with the ability to secure your data post deal in whichever manner you require.
5. Benefits of Digitisation
Implementing a digital data room enhances the management of sensitive transactional data, reducing legal risks and ensuring seamless compliance. This approach supports high standards of data integrity, security, and efficiency from deal preparation to post-deal archiving.
If you’re still using paper, or need to meet your ESG requirements, using a virtual data room is a great way to reduce your carbon footprint, whilst also minimising your legal risks and reducing your threat landscape at the same time!
