Online Data Room and SSL

Online data room and SSL

A virtual data room (VDR) is the best option when it comes to securing confidential documents in a safe environment, is superior to free file-sharing services such as Dropbox or Google Drive. These services are fine for daily document sharing but they aren’t robust enough to handle significant business events like IPOs, M&A due diligence tenders, capital raising and capital raise.

A VDR is an online solution that secures and manages confidential information with multiple people on the internet through a browser-based interface. This makes it perfect for M&A as well as venture capital fundraising and IP protection, as also managing projects and IP protection.

Many of the features that are available in file-sharing services are also available on VDRs, including two-factor authentication (2FA) SSO, two-factor authentication (2FA), and granted user permissions for granular users. 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 available to review.

If you are a business that handles sensitive data regularly, the best option is to opt for an VDR with an ISO 27001 certification, which covers the entire platform’s operational procedures, systems and infrastructure. A GDPR-compliant VDR also complies with European standards for data security and data security, while an ITAR certified VDR adheres to US guidelines for documents for military and defense. A HIPAA compliant VDR is compliant with national healthcare transaction and record-keeping standards for electronic records. This allows healthcare companies to share confidential patient information with other partners in a secure environment.