Online Data Room and SSL

Online data room and SSL

A virtual data room (VDR) is the best option in the sense of protecting confidential documents in a secure environment, is superior to free file-sharing services such as Dropbox or Google Drive. These services are fine for everyday document sharing, but they aren’t robust enough to handle major business events such as IPOs, M&A due diligence, tenders and capital raising.

A VDR is an online solution that securely stores and manages private information with multiple users on the internet through an interface that is based on a browser. This makes it perfect for M&A as well as venture capital fundraising, IP chatabate.org/online-data-room-in-everyday-usage/ protection as well as management of projects and IP protection.

Many of the features offered by file-sharing apps are also available in a VDR. They include two-factor authentication (2FA) and Single Sign-On (SSO) and user-specific permissions. VDRs also offer additional security features such as IP restriction which prevents access to specific devices, continuous backups of data and 99.9% uptime.

If you are a business that handles sensitive data regularly, the best option is to choose a VDR that has an ISO 27001 certification, which covers the entire platform’s operating procedures systems, infrastructure and processes. A GDPR-compliant VDR also meets European standards for data security as well as an ITAR compliant VDR adheres to US regulations that govern documents related to defense and military. A HIPAA compliant VDR adheres with national health care transaction and record-keeping regulations for electronic records. This allows healthcare companies to provide confidential patient data to outside partners in a secure environment.