Secure Data Room Review
Virtual Data Rooms, or VDRs are a particular kind of online file storage and collaboration platform specifically designed for safe sharing of confidential business documents. They are usually used in M&A, IPOs, due diligence and real estate asset lifecycle management, capital raising and other projects that require safe storage, management and sharing of important business files with third-party external parties. The most effective VDRs come with a set of features that help reduce the risk of sensitive data leaking to third parties.
Secure VDR should be impenetrable by unauthorised users, and should offer features like granular access rights and click trails to prevent accidental disclosure of private data. They are prone to human error and require the right training to ensure safe and efficient VDR usage.
If your VDR has security that is bank-grade, but is still vulnerable to 71% of common attacks that involve human error, then it is not providing much protection. For instance, most users are using a screen-grabbing program on their computers whether it’s Snag-it, Paint or the Windows Snipping Tool – these programs can take screenshots of documents in your VDR and also reveal sensitive information to anyone who is not authorized. It is essential to ensure that your VDR solution comes with a strong security feature that prevents users from sharing their login credentials. The majority of VDRs do not restrict the number of times this https://wedataroom.com/tracking-progress-in-virtual-data-rooms/ that a user can sign in and out, so a single person could be able to access documents 30 times.
