Online Data Room and SSL

Online data room and SSL

A virtual data room (VDR), when it comes to protecting confidential documents in a secure environment, is superior to 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 solution that securely stores, manages and shares confidential data with multiple users across the internet using a web browser interface. This makes it ideal for use in M&A deals as well as fundraising, venture capital and M&A deals as in IP protection and managing projects.

Many of the features included in file-sharing applications can also be found in VDRs. Many of the features found in file-sharing applications can also be found in. They include two-factor authentication (2FA) and Single Sign-On (SSO) and granular permissions for users. VDRs offer additional security features like IP restriction which prevents access to specific devices, continuous backups of data and 99.9% uptime.

Businesses that handle sensitive information frequently should select a VDR that has ISO 27001 certification. This covers all the platforms’ operations, procedures, and infrastructure. In addition, a GDPR-compliant VDR has been tested to meet European data protection standards while an ITAR-compliant version follows US guidelines regarding military and defense-related documentation. A HIPAA compliant VDR conforms to national healthcare transaction next page and record-keeping standards for electronic records. This provides healthcare providers with the option of sharing confidential data with outside partners within a secure environment.