Online Data Room and SSL

Online data room and SSL

When it comes to securing confidential information in a secure environment, a virtual data room (VDR) performs better than free file sharing services such as Dropbox or Google Drive. These services are great for sharing files on a daily basis however they are not robust enough to handle major corporate events like IPOs, M&A Due Diligence, tenders, and capital raising.

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

Many of the features that are available in file-sharing services are also available in VDRs, including two-factor authentication (2FA), SSO and the ability to grant granular permissions to users. VDRs offer additional security options like IP restriction which restricts access to certain devices, continuous data backups and 99.9 percent uptime.

Businesses that handle sensitive information frequently should select a VDR that is certified with ISO 27001 certification. This covers the entire platform’s systems, operating procedures and infrastructure. In addition, a GDPR compliant VDR meets European standards for data protection and an ITAR-compliant one is in line with US regulations for military and defense-related documentation. In addition, an HIPAA compliant VDR is in compliance with national healthcare recording and transaction requirements for electronic health records. This allows healthcare companies the ability to share private information with partners outside of the organization in a secure setting.