Secure Data Room Review

Virtual Data Rooms, or VDRs are a specific type of online collaboration and file storage platform specifically designed for secure sharing of confidential business documents. They are often employed in M&A, IPOs, due diligence and real estate asset lifecycle management capital raising and other projects that require the safe storing, managing and sharing of business-critical files with external third party. The most reliable VDR providers provide a set of features that lower the risk of sensitive data being leaked to unwelcome third parties.

Secure VDR should be apprehensible to unauthorised users, and should offer features like granular access rights and click trails to prevent accidental disclosure of private information. However, they are susceptible to human error, and it is crucial that proper training is provided for efficient and effective VDR use.

If your VDR is secured with bank-grade security, but is still susceptible to 71% of typical attack vectors involving human error, it won’t really offer any security at all. Most users have screen-grabbing software on their computers like Snag-it or Paint. These programs can capture screenshots and expose sensitive information to unauthorized users. Make sure that the VDR solution you’re using has a strong security system to stop users from sharing login credentials. The majority of VDRs don’t limit the number of times users can sign in and out, meaning that a single individual could potentially access documents 30 times.

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