Online Data Room and SSL

Online data room and SSL

When it comes to protecting confidential information in a safe environment, the virtual data room (VDR) is superior to free file sharing services such as Dropbox or Google Drive. These services are suitable for everyday document sharing, but they are not able to handle large-scale business events like IPOs, M&A due diligence tenders, capital raisings, and tenders.

A VDR is an online service that secures, stores and manages confidential information with multiple people via the internet using the browser-based interface. This makes it perfect for M&A and venture capital fundraising, IP protection, as also management of projects and IP protection.

Many of the same features offered by file-sharing companies are also available on VDRs, including two-factor authentication (2FA) SSO, two-factor authentication (2FA), as well as granular user permissions. However, VDRs have additional security measures like IP restriction (blocking access for certain devices) and continuous backups of data and 99.9% uptime ensuring documents are always available to review.

Businesses that handle sensitive information regularly should opt for a VDR that is certified with ISO 27001 certification. This covers the entire platform’s operations, procedures, and infrastructure. In addition, a GDPR-compliant VDR conforms to European standards for data protection and an ITAR-compliant one is in line with US guidelines for military and defense-related documents. A HIPAA compliant VDR adheres with national healthcare transaction and record-keeping standards for electronic records. Healthcare organizations have the opportunity to share private information with partners outside of the organization within a secure environment.

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