Secure Data Room Review

Virtual Data Rooms (VDRs) are a kind of online collaboration and file storage platform that is created to ensure the safe sharing of confidential business documents. They are often used in M&As IPOs and due diligence, as along with real estate capital raising, asset management, and other projects requiring the secure storage, management, and sharing of critical business documents with outside parties. The most effective VDR providers offer a range of features that lower the chance of sensitive information leaking to unwanted third parties.

A secure VDR should be impenetrable to anyone who is not authorized, and most offer features such as the ability to grant granular permissions, click trails dynamic watermarking, and more to prevent the accidental disclosure of personal information. However, they are also susceptible to human error and it is essential that the right instruction is given for efficient and efficient VDR use.

If your VDR has security that is bank-grade, but is still vulnerable to 71% common attacks that involve human error, then it’s not providing enough protection. For instance, most users have a screen-grabbing software application on their computers such as Snag-it, Paint or the Windows Snipping Tool – these applications can create best data room software screenshots of documents in your VDR and also reveal sensitive information to unauthorized users. Check if the VDR solution you are using has a robust security system that prevents users from sharing login credentials. The majority of VDRs do not restrict the number of times a user logs to and out of your VDR, meaning that one person could access your files 30 times.