Online data room and SSL
A virtual data room (VDR) in the sense of protecting confidential documents in a secure environment, is superior to free file-sharing services like Dropbox or Google Drive. These services are great for sharing documents on a regular basis however, they aren’t robust enough to handle the demands of major corporate events like IPOs, M&A Due Diligence tenders, capital raising.
A VDR is an online solution that safely stores and manages sensitive information with multiple users via the internet using an interface that is based on a browser. This makes it perfect for M&A as well as venture capital fundraising and IP protection, as well as managing projects and IP protection.
Many of the features included in file-sharing applications can also be found in VDRs. Many of the features found in file-sharing applications can also be found in. These include two-factor authentication (2FA) and Single Sign-On (SSO) and granular permissions for users. However, VDRs have additional security measures, such as IP restriction (blocking access to certain devices) and continuous backup of data and 99.9 percent uptime ensuring that documents are always available to review.
Businesses that handle sensitive information frequently should select the VDR that has ISO 27001 certification. This covers all the platform’s operating procedures, systems, and infrastructure. In addition, a GDPR compliant VDR meets European data protection standards while an ITAR-compliant version is in line with US regulations for military and defense-related documentation. A HIPAA compliant VDR conforms to national medical record-keeping and transactional standards for electronic records. Healthcare organizations can share patient information that is confidential with external partners in a safe environment.
