Secure Data Room Review

Virtual Data Rooms, or VDRs are a distinct type of online file storage and collaboration platform specifically designed for the secure sharing of confidential business documents. They are typically employed in M&A, IPOs, due diligence, real estate asset lifecycle management capital raising, and other projects that require the secure storage, management and sharing of files that are critical to business with third-party external parties. The most effective VDR providers provide a set of features that reduce the risk of sensitive data leaking to unwanted third parties.

A secure VDR must be inaccessible to unauthorized users, and they typically offer features such as the ability to grant granular permissions, click trails, dynamic watermarking, and more to prevent the accidental release of private information. They are susceptible to human error and require the right training to ensure safe and effective VDR usage.

If your VDR is protected by security that is bank-grade but is still vulnerable to 71% of typical attack vectors that involve human error, it doesn’t really provide much security in the least. Most users have screen-grabbing software on their computers like Snag-it or Paint. These programs can take screenshots and reveal confidential information to unauthorized individuals. Verify that the VDR solution you are using has a secure system to stop users from sharing login credentials. Most VDRs do NOT limit the number of times that a user can access and log out, which means that one user could access documents 30 times.

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