Secure Data Room Review

Virtual Data Rooms, or VDRs are a particular kind of online collaboration and file storage platform specifically designed for the safe sharing of confidential business documents. They are commonly employed in M&A, IPOs, due diligence and real estate asset lifecycle management, capital raising and other projects that require safe storage, management and sharing of files that are critical to business with external third parties. The best VDRs are equipped with a set of features that help reduce the risk of leaking sensitive information to third parties.

Secure VDR must be inaccessible to unauthorized users and offer features like granular access rights and click trails to avoid accidental disclosure of private data. However, they are also vulnerable to human error and it is important that the https://wedataroom.com/tips-for-choosing-the-best-data-rooms-for-investment-banking/ right training is given to ensure efficient and efficient VDR use.

If your VDR has security that is bank-grade, but is still susceptible to 71% of common attack vectors that involve human error, then it’s not offering much security. Most users have screen-grabbing software on their computer like Snag-it or Paint. These programs can take screenshots, and also reveal sensitive information to unauthorized users. It is therefore essential to determine if your VDR solution is equipped with a robust security feature that stops users from sharing their login credentials. Most do not restrict the number of times a user can log into and out of your VDR and vice versa, which means that one person could access your files 30 times.