Online Data Room and SSL

Online data room and SSL

When it comes to securing confidential 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 good for everyday document sharing, but they aren’t robust enough to handle major business events such as IPOs, M&A due diligence tenders, capital raisings, and tenders.

A VDR is an online solution that secures and manages confidential information with multiple users online via web-based interface. This makes it ideal for M&A and venture capital fundraising, IP protection, as in addition to managing projects and IP protection.

Many of the features included in file-sharing applications can also be found in VDRs. This includes two-factor authentication (2FA) as well as Single Sign-On (SSO) and granular permissions for users. However, VDRs have additional security measures such as IP restriction (blocking access for certain devices) and continuous backups of data and 99.9 percent https://chatabate.org/best-note-taking-apps-for-business-meetings/ uptime to ensure that documents will always be accessible for review.

If you are a business that handles sensitive data regularly, the best option is to select a VDR that has an ISO 27001 certification, which covers the entire platform’s operating procedures as well as infrastructure, systems and procedures. In addition, a GDPR-compliant VDR conforms to European standards for data protection, while an ITAR-compliant one is in line with US regulations for military and defense-related documentation. Lastly, an HIPAA-compliant VDR conforms to national healthcare records keeping and transaction standards for electronic health records. This allows healthcare companies to provide confidential patient data to outside partners in a secure environment.