Secure Data Room Review

Secure Data Room Review

Virtual Data Rooms (VDRs) are a form of online collaboration and file storage platform that is created to ensure the safe sharing of confidential business documents. They are often employed in M&As, IPOs and due diligence, as in real estate capital raising, asset management and other projects that require the secure storage, management and sharing of vital business documents with outside parties. The best VDRs have an array of features that reduce the risk of leaking sensitive information to third parties.

Secure VDR must be inaccessible to non-authorized users and include features like granular permissions and click trails to prevent accidental disclosure of private information. However, they are susceptible to human error, and it is important to ensure that the correct training is provided to ensure safe and efficient VDR use.

If your VDR is secured with bank-grade security, but is still susceptible to 71% of all common attack vectors involving human error, it won’t really provide much protection at all. A majority of users have screen-grabbing programs on their computers like Snag-it or Paint. These applications can take screenshots and reveal private information to unauthorised individuals. Verify that the VDR solution you’re using has a secure system that prevents users from sharing login https://wedataroom.com/tips-for-choosing-the-best-data-rooms-for-investment-banking/ credentials. Most do not restrict the number of times a user logins into and out of the VDR that means one person could access your documents 30 times.