Online data room and SSL
When it comes down to securing sensitive information in a secure environment, a virtual data room (VDR) does better than free file sharing services such as Dropbox or Google Drive. These services are great for sharing files frequently however, they aren’t adequate enough to handle large business events, such as IPOs, M&A Due Diligence tenders, capital raising.
A VDR is a cloud service which securely stores and shares confidential data with multiple users on the internet via a browser-based interface. This makes it perfect for M&A as well as venture capital fundraising and IP protection, as well as project management and IP protection.
Many of the features offered by file-sharing companies are also available on a VDR, such as two-factor authentication (2FA) SSO, two-factor authentication (2FA), and the ability to grant granular permissions to users. However, VDRs have additional security measures, including IP restriction (blocking access to certain devices) and continuous backup of data and 99.9 percent uptime to ensure that documents are always available to review.
Businesses that handle sensitive information regularly should consider the VDR that has ISO 27001 certification. This covers the entire platform’s operating procedures, systems, and infrastructure. In addition, a GDPR compliant VDR has been tested to meet European data protection standards, while an ITAR-compliant one chatabate.org/project-manager-job-description/ is in line with US regulations for military and defense-related documents. Furthermore, an HIPAA-compliant VDR conforms to national healthcare records and transaction standards for electronic health records. This permits healthcare organizations to share confidential patient data with outside partners in a secure environment.
