Secure Data Room Review

Secure Data Room Review

Virtual Data Rooms (VDRs) are a form of online collaboration and file storage platform that is specifically designed to allow safe sharing of confidential business documents. They are often employed in M&A, IPOs, due diligence and real estate asset lifecycle management capital raising, and other projects that require secure storage, management and sharing of critical business files with third-party external parties. The best VDRs are equipped with several features that limit the possibility of leaking sensitive information to third parties.

A secure VDR must be inaccessible to non-authorized users and include features like granular permissions as well as click trails to avoid accidental disclosure of private data. They are susceptible to human error and require the right education to ensure efficient and efficient VDR usage.

If your VDR is protected by high-quality security but is still vulnerable to 71% of the common attack vectors involving human error, it won’t really provide much security at all. For instance, the majority of users are using a screen-grabbing program on their personal computer such as Snag-it, Paint or the Windows Snipping Tool – these applications can create screenshots of documents in your VDR and expose confidential information to unauthorized users. Check if the VDR solution you are employing has a robust security system that prevents users from sharing login credentials. The majority of VDRs don’t limit the number of times a user can sign in and out, meaning that a single user could access documents 30 times.

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