Online data room and SSL
When it comes to securing confidential information in a secure environment, a virtual data room (VDR) is superior to free file sharing platforms like Dropbox or Google Drive. These services are great for sharing documents on a regular basis, but they are not robust enough to handle the demands of major business events like IPOs, M&A Due Diligence tenders, capital raising.
A VDR is an online solution that securely stores, manages, and shares private information with multiple users via the internet using the browser-based interface. This makes it perfect for M&A and venture capital fundraising, IP protection as in addition to project management and IP protection.
Many of the features found in file-sharing applications can also be found in a VDR. They include two-factor authentication (2FA) as well as Single Sign-On (SSO) and user-specific permissions. However, VDRs have additional security measures like IP restriction (blocking access for certain devices) and continuous backups of data and 99.9 percent uptime ensuring that documents will always be accessible to review.
If you are a business that handles sensitive data regularly the best choice is to opt for an VDR that has an ISO 27001 certification, which covers the entire platform’s operational procedures as well as infrastructure, systems and procedures. In addition, a GDPR-compliant VDR meets European data protection standards as well as an ITAR-compliant VDR is in line with US guidelines for military and defense-related documents. In addition, an HIPAA compliant VDR adheres to national healthcare records and transaction standards for electronic health records. This gives healthcare organizations the opportunity to share private information with partners outside of the organization in a secure and secure environment.