A virtual dataroom secure is an online platform that allows large volumes of confidential documents can be securely shared beyond the walls of a company. It is often utilized for M&A deals, due diligence, litigation, bankruptcies or audits, fundraising and any time that multiple parties require the review of sensitive information.
The most secure virtual datarooms are equipped with a variety of security features that are industry-standard to ensure that information stays exactly where it belongs – inside the data room. These features include physical safety, granular permissions settings and the ability to track document activities.
Data Center Security: The top VDRs employ data centres of industry standard with adequate physical security, such as offsite backups of data, redundancy of data and fire protection, as well as biometric access control. They also utilize a robust business continuity plan and go through regular penetration tests.
Document Access Security: The most secure virtual data rooms provide documents with https://6dataroom.com/what-are-the-different-types-of-due-diligence/ granular permissions, which allow admins to restrict access to individual documents as well as folders, specifying printing only, viewing only, and download options. They also offer the option to apply dynamic watermarks to printed and viewed pages of documents and set time-frames for access by users.
Privacy Security: A quality VDR has been tested and meets or exceeds ISO 27001 compliance and is HIPAA compliant. It provides end-to-end encryption (E2EE) which blocks the unauthorized access of information by service providers or hackers.
Finally, a top-rated VDR is certified for FINRA (Financial Industry Regulatory Authority) and SOC 2 (Service Organization Controls) which means it follows the most stringent handling practices to safeguard PII. This can help prevent the hefty fines, legal costs and revenue loss that can result from data breaches.
