Secure Data Room Review

Secure Data Room Review

Virtual Data Rooms (VDRs) are a form of online collaboration and storage platform for files specifically designed to allow safe sharing of confidential business documents. They are often used in M&As, IPOs and due diligence, as along with real estate capital raising, asset management and other projects that require the secure storage, management and sharing of vital business documents with outside third parties. The most effective VDR providers have a suite of features that help reduce the possibility of sensitive data being leaked to unwelcome third parties.

A secure VDR should be impenetrable to anyone who is not authorized, and many offer features like the ability to grant granular permissions, click trails dynamic watermarking and more to guard against the accidental divulging of private information. However, they are also susceptible to human error and it is vital that proper training is given to ensure efficient and effective VDR use.

If your VDR is secured with security that is bank-grade, but it is still susceptible to 71% of typical attacks that involve human error, it doesn’t really offer any security in the least. For instance, the majority of people are using a screen-grabbing program on their personal computer whether it’s Snag-it, Paint or the Windows Snipping Tool – these applications can take photographs of documents stored check out here within your VDR and expose confidential information to unauthorized individuals. Therefore, it is imperative to determine if your VDR solution comes with a solid security feature that prevents users from sharing login credentials. The majority of VDRs do not restrict the number of times users can sign in and out, meaning that a single person could be able to access documents 30 times.

Written by Roberto Contreras