Online Data Room and SSL

Online data room and SSL

When it comes down to securing confidential information in a secure environment, a virtual data room (VDR) does better than free file sharing services like Dropbox or Google Drive. These services are great for sharing files regularly, but they are not robust enough to handle the demands of major business events such as IPOs, M&A Due Diligence, tenders, and capital raising.

A VDR is an online solution that securely stores, manages, and shares confidential information with multiple users through the internet via web-based interface. This makes it perfect for use in M&A deals in fundraising, venture capital, and M&A as well as IP protection and project management.

Many of the features that are offered by file-sharing apps can also be found in a VDR. This includes two-factor authentication (2FA) as well as Single Sign-On (SSO) and user-specific permissions. However, VDRs have additional security measures, including IP restriction (blocking access for certain devices) and continuous backup of data and 99.9% uptime ensuring documents are always available to review.

Businesses that handle sensitive information regularly should choose a VDR that is certified with ISO 27001 certification. This covers the entire platform’s operations, procedures, and infrastructure. In addition, a GDPR compliant VDR has been tested to meet European data protection standards, while an ITAR-compliant one adheres to US regulations for military and defense-related documentation. A HIPAA certified VDR is compliant with national medical record-keeping and transactional standards for electronic records. This gives healthcare organizations the possibility of sharing confidential information with other partners within a secure environment.