Secure Data Room Review

Virtual Data Rooms (VDRs) are a type of online collaboration and file storage platform that is created to ensure the safe sharing of confidential business documents. They are often employed in M&A, IPOs, due diligence, real estate asset lifecycle management, capital raising and other projects that require the safe storing, managing and sharing of critical business files with third party external partners. The top VDR providers offer a range of features that help reduce the possibility of sensitive data leaks to undesirable third parties.

Secure VDR must be inaccessible to anyone who is not authorized, and many offer features like restricted permissions, click trails dynamic watermarking and more to guard against the accidental release of private information. They are vulnerable to human error and need the correct training to ensure safe and effective VDR use.

If your VDR has security that is bank-grade but is still susceptible to 71% common attack vectors that are based on human error, then it’s not providing adequate security. Most users have screen-grabbing software on their computer, such as Snag-it or Paint. These programs can capture screenshots and expose confidential information to unauthorized individuals. It is therefore imperative that you check if your VDR solution comes with a strong security feature that stops users from sharing login credentials. Most do not restrict the number of times a user logs into and out of your VDR that means anyone could access your files 30 times.

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