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 utilized in M&A, IPOs, due diligence and real estate asset lifecycle management, capital raising and other projects that require the secure storing, managing and sharing of files that are critical to business with external third party. The most effective VDR providers have a suite of features that reduce the possibility of sensitive data leaking to unwanted third parties.
Secure VDR should be impenetrable by unauthorized users and offer features such as granular permissions and click trails to prevent accidental disclosure of private data. However, they are susceptible to human error, and it is important that the proper training is provided for efficient and efficient VDR use.
If your VDR is secured by a bank, but is still susceptible to 71% of common attacks that involve human error, then it’s not providing much protection. The majority of users have screen-grabbing software on their PCs, such as Snag-it or Paint. These applications can capture screenshots and expose sensitive information to unauthorized users. It is essential to ensure that your VDR solution has a robust security feature that will prevent users from sharing their login credentials. The majority of VDRs do not restrict how many times the same user can log to and out of your VDR and vice versa, which means that one person could access your documents 30 times.
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