Online data room and SSL
In terms of protecting private information in a secure environment, the virtual data room (VDR) performs better than free file sharing services like Dropbox or Google Drive. These services are ideal for sharing documents frequently however they are not adequate enough to handle large business events like IPOs, M&A Due Diligence, tenders, and capital raising.
A VDR is a cloud-based service that secures, stores and manages confidential data with multiple users on the internet using a web browser interface. This makes it perfect for M&A as well as venture capital fundraising and IP protection, as well as management of projects and IP protection.
Many of the features available on file-sharing platforms are also offered by VDRs, including two-factor authentication (2FA) SSO, two-factor authentication (2FA), as well as access to user rights that are granular. However, VDRs have additional security measures like IP restriction (blocking access to certain devices), continuous data backup and 99.9 percent uptime to ensure that documents will always be accessible for review.
Businesses that handle sensitive information regularly should consider a VDR that has ISO 27001 certification. This covers all the platforms’ systems, operating procedures and infrastructure. In addition, a GDPR compliant VDR has been tested to meet European data protection standards and an ITAR-compliant one is in line with US regulations regarding military and defense-related documentation. A HIPAA compliant VDR conforms to national medical record-keeping and transactional standards for electronic records. This gives healthcare organizations the option of sharing confidential information with other partners in a secure and secure environment.