Secure Data Room Review

Secure Data Room Review

Virtual Data Rooms, or VDRs are a particular kind of online file storage and collaboration platform specifically designed for secure sharing of confidential business documents. They are usually employed in M&A, IPOs, due diligence and real estate asset lifecycle management capital raising and other projects that require safe storage, management and sharing of critical business files with third-party external parties. The best VDRs are equipped with a set of features that minimize the risk of sensitive data being released to third parties.

A secure VDR must be inaccessible to unauthorized users, and the majority of them offer features like specific permissions, click trails dynamic watermarking and more to guard against the accidental disclosure of personal information. However, they are susceptible to human error and it is crucial that proper training is given to ensure efficient and effective VDR use.

If your VDR is protected by high-quality security but is still susceptible to 71% of the common attack vectors involving human error, it won’t offer much security in the least. For instance, most users are using a screen-grabbing program on their computer whether it’s Snag-it, Paint or the Windows Snipping Tool – these applications can create screenshots of documents within your VDR and disclose confidential information to unauthorised individuals. Make sure that the VDR solution you’re employing has a robust security system to stop users from sharing login credentials. The majority of VDRs do not restrict the number of times users can log in and out, which means that one individual could potentially access documents 30 times.

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