Online Data Room and SSL
Online data room and SSL
A virtual data room (VDR) in the sense of protecting confidential documents in a secure environment is better than free file-sharing services such as Dropbox or Google Drive. These services are suitable for everyday document sharing, but they aren’t robust enough to handle large-scale business events such as IPOs, M&A due diligence, tenders and capital raising.
A VDR is a cloud service which securely stores, manages and shares confidential data with multiple users over the internet through a browser-based interface. This makes it ideal for M&A, venture capital, fundraising, IP protection, as in addition to managing projects and IP protection.
Many of the features included in file-sharing applications can also be found in a VDR. They include two-factor authentication (2FA), Single Sign-On (SSO) and the ability to grant users granular access rights. However, VDRs have additional security measures, such as IP restriction (blocking access to certain devices) and continuous backup of data and 99.9 percent uptime, which means that documents will always be accessible for review.
If you are a business that handles sensitive data on a regular basis the best choice is to choose a VDR that has an ISO 27001 certification, which covers the entire platform’s operational procedures systems, infrastructure and processes. A GDPR-compliant VDR also meets European standards for protecting data, while an ITAR compliant VDR adheres to US regulations governing documents related to defense and military. A HIPAA certified VDR adheres with national healthcare transaction and record-keeping standards for electronic records. Healthcare organizations have the possibility of sharing confidential data with external partners in a secure and secure environment.
