Online Data Room and SSL

Online data room and SSL

A virtual data room (VDR), for the purpose of protecting confidential documents in a safe environment, is superior chatabate.org/ to free file sharing services like Dropbox or Google Drive. These services are great for sharing documents frequently however, they aren’t robust enough to handle the demands of major business events like IPOs, M&A Due Diligence tenders, capital raising.

A VDR is a cloud-based service that securely stores, manages and shares confidential information with multiple users on the internet through a browser-based interface. This makes it perfect for use in M&A deals as well as fundraising, venture capital and M&A deals as in IP protection and managing projects.

Many of the same features offered by file-sharing companies are also available on VDRs, such as two-factor authentication (2FA), SSO and granted user permissions for granular users. VDRs also offer additional security features such as IP restriction which restricts access to specific devices, continuous backups of data and 99.9 percent uptime.

If you are a business that handles sensitive data regularly the best choice is to opt for a VDR that has an ISO 27001 certification, which covers the entire platform’s operating procedures as well as the infrastructure and systems. A GDPR-compliant VDR also complies with European standards for data protection, while an ITAR compliant VDR follows US regulations that govern documents for defense and military use. A HIPAA compliant VDR conforms to national healthcare record-keeping and transaction standards for electronic records. This permits healthcare organizations to provide confidential patient data to other partners in a secure environment.