A secure virtual dataroom lets an organization to share confidential documents securely with other parties, without having to worry about documents or files being stolen or compromised. It’s an excellent solution for M&A, bankruptcy and restructurings and real estate transactions as well as legal matters.
Do your homework before deciding on the VDR service provider. Find out what security features they have available. Some VDR providers offer a no-cost trial, so you can try the service to determine what you need from it. Also, you should consider the cost, the type of files and documents that you’ll be storing who has access to the VDR and any other needs it may serve.
Choose a VDR that provides physical security measures, such as industry-standard data centers with strong backups, offsite data storage and fire protection as well as biometric access. It is also important to ensure that the VDR offers a business continuity plan that includes regular penetration tests and redundancy of data. Find a VDR that provides audit logs and document activity monitoring, single sign on (SSO) and artificial intelligence features that aid in error detection, information organization, and retrieval.
Search for a VDR that has redundancy in the data center and daily backups. You should also select a VDR provider that provides 2FA and the option to require a PIN or secondary authentication. Avoid any VDR that lets users share their login credentials with others in order to defeat the purpose of a secure data room.
Leave a reply