Secure Data Room Review

Virtual Data Rooms, or VDRs are a specific type of online file storage and collaboration platform specifically designed to facilitate the safe sharing of confidential business documents. They are typically used in M&As IPOs and due diligence, as in real estate asset management, capital raising and other projects that require the secure storage, management and sharing of critical business files with external parties. The best VDRs are equipped with various features that minimize the risk of sensitive data being released to third party.

A secure VDR should be impenetrable to unauthorised users, and they typically offer features such as granular permissions, click trails, dynamic watermarking and more to guard against the accidental disclosure of personal information. However, they are susceptible to human error and it is important to ensure that the correct training is provided to ensure safe and efficient VDR use.

If your VDR is protected by security that is bank-grade but is still susceptible to 71% of common attack vectors involving human error, it doesn't offer much security at all. The majority of users have screen-grabbing software on their PCs, such as Snag-it or Paint. These applications can take screenshots, and also reveal confidential information to anyone who isn't authorized. Find out if the VDR solution you're using has a robust security system to block users from sharing login credentials. Most VDRs do not limit the number of times that a user can log in and out, which means that one user could have access to documents 30 times.

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