Online data room and SSL

When it comes down to securing confidential information in a safe environment, a virtual data room (VDR) is superior to free file sharing services like Dropbox or Google Drive. These services are great for sharing files frequently but they’re not sufficient enough to handle major business events, such as IPOs, M&A Due Diligence tenders, capital raising.

A VDR is an online solution that secures, stores and manages private information with multiple users online via a browser-based interface. This makes it perfect for M&A as well as venture capital fundraising and IP protection, as also management of projects and IP protection.

Many of the features that are available in file-sharing programs can also be found in VDRs. They include two-factor authentication (2FA), Single Sign-On (SSO) and specific permissions for users. VDRs provide additional security features like IP restriction which restricts access to certain devices, continuous data backups and 99.9 percent uptime.

Businesses that handle sensitive information frequently should select a VDR that is certified with ISO 27001 certification. This covers all the platform’s operations, procedures, and infrastructure. A GDPR-compliant VDR also complies with European standards for protecting data and data security, while an ITAR compliant VDR chatabate.org/how-virtual-data-rooms-software-complying-with-general-data-protection-regulation/ is in compliance with US regulations that govern documents for military and defense. A HIPAA compliant VDR is compliant with national medical record-keeping and transactional standards for electronic records. This permits healthcare organizations to share confidential patient data with external partners in a safe environment.