Online Data Room and SSL

Online data room and SSL

When it comes to securing confidential information in a secure environment, a virtual data room (VDR) performs better than free file sharing services like Dropbox or Google Drive. These services are great for sharing files on a daily basis however they are not sufficient enough to handle major business events, such as IPOs, M&A Due Diligence, tenders, and capital raising.

A VDR is a cloud-based solution that securely stores and shares confidential data with multiple users across the internet using a web browser interface. This makes it ideal for M&A as well as venture capital fundraising, IP protection as well as project management and IP protection.

Many of the same features found in file-sharing services are also available in a VDR, such as two-factor authentication (2FA) SSO, two-factor authentication (2FA), and granular user permissions. However, VDRs have additional security measures such as IP restriction (blocking access for specific devices) and continuous backups of data and 99.9 percent uptime ensuring that documents will always be accessible to review.

Companies that handle sensitive data regularly should choose the VDR that has ISO 27001 certification. This covers https://chatabate.org/best-board-portals-reviews-comparisons-and-features/ the entire platform’s operational procedures, processes and infrastructure. A GDPR-compliant VDR also meets European standards for protection of data and security, while an ITAR certified VDR adheres to US regulations that govern military and defense related documentation. Lastly, an HIPAA-compliant VDR is in compliance with national healthcare transaction and record keeping standards for electronic health records. This allows healthcare companies to share confidential patient data with other partners in a secure environment.

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This post was written by vladeta