Secure Data Room Review

Virtual Data Rooms (VDRs) are a kind of online collaboration and storage platform specifically designed to allow safe sharing of confidential documents for business. They are typically used in M&As, IPOs and due diligence, as in real estate asset management, capital raising, and other projects requiring the secure storage, management, and sharing of vital business files with other parties. The best VDRs are equipped with a set of features that reduce the risk of data that is sensitive being leaked to third party.

Secure VDR should be impenetrable by unauthorised users and provide features like granular permissions as well as click trails to prevent accidental disclosure of private information. They are prone to human error and need the right training for efficient and effective VDR use.

If your VDR is protected by bank-grade security, but is still vulnerable to 71% of all common attack vectors involving human error, it won’t offer much security at all. For example, most users have a screen-grabbing application on their computers, whether that be Snag-it, Paint or the Windows Snipping Tool – these applications can take screenshots of documents in your VDR and disclose confidential information to anyone who is not authorized. It is essential to verify that your VDR solution is equipped with a robust security feature that stops users from sharing their login credentials. The majority of VDRs don’t limit the amount of times a user can login and out, meaning that a single user could have access to documents 30 times.

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