Online data room and SSL

When it comes down to securing private information in a secure environment, the virtual data room (VDR) is superior to free file Get the facts sharing services such as Dropbox or Google Drive. These services are great for sharing documents on a daily basis however, they aren’t adequate enough to handle large business events, such as IPOs, M&A Due Diligence, tenders, and capital raising.

A VDR is an online solution that safely stores and manages confidential information with multiple users online via the browser-based interface. This makes it perfect for M&A and venture capital fundraising, IP protection, as in addition to project management and IP protection.

Many of the features that are available in file-sharing services are also available on VDRs, for example two-factor authentication (2FA) SSO, two-factor authentication (2FA), and granular user permissions. VDRs also offer additional security features like IP restriction, which blocks access to specific devices, continuous data backups and 99.9 percent uptime.

For companies that handle sensitive information regularly, the best option is to select a VDR that has an ISO 27001 certification, which covers the entire platform’s operating procedures as well as infrastructure, systems and procedures. A GDPR-compliant VDR also meets European standards for protecting data as well as an ITAR certified VDR follows US guidelines for documents related to defense and military. Furthermore, an HIPAA-compliant VDR adheres to national healthcare transaction and record keeping standards for electronic health records. This allows healthcare companies to share confidential patient information with external partners in a secure environment.