Online data room and SSL
A virtual data room (VDR) for the purpose of protecting confidential documents in a secure environment is better than free file-sharing platforms like Dropbox or Google Drive. These services are great for document sharing on a regular basis, but they are not able to handle large-scale business events like 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 on the internet through a browser-based interface. This makes it ideal for use in M&A deals, venture capital and fundraising as well as IP protection and project management.
Many of the features that are found in file-sharing applications are also available in a VDR. This includes two-factor authentication (2FA) as well as Single Sign-On (SSO) and the ability to grant users granular access rights. VDRs provide additional security features like IP restriction which restricts access to certain devices, continuous data backups and 99.9 percent uptime.
Companies that handle sensitive data regularly should consider the VDR that is certified with ISO 27001 certification. This encompasses all the platform’s pop over to this website operating procedures, systems, and infrastructure. Additionally, a GDPR-compliant VDR is compliant with European standards for data protection and an ITAR-compliant one adheres to US regulations regarding military and defense-related documentation. Furthermore, an HIPAA-compliant VDR adheres to national healthcare recording and transaction requirements for electronic health records. Healthcare organizations can share confidential patient data with external partners in a safe environment.
