Secure Data Room Review
Virtual Data Rooms (VDRs) are a type of online collaboration and storage platform for files that is created to ensure the safe sharing of confidential documents for business. They are typically used in M&A, IPOs, due diligence and real estate asset lifecycle management as well as capital raising projects that require secure storage, management and sharing of files that are critical to business with third party external partners. The most effective VDR providers offer a range of features that reduce the chance of sensitive information leaking to unwanted third parties.
A secure VDR must be inaccessible to unauthorized users, and most offer features such as the ability to grant granular permissions, click trails, dynamic watermarking and more to avoid the accidental disclosure of personal information. They are susceptible to human error and require the right education to ensure efficient and effective VDR usage.
If your VDR is protected by security that is bank-grade but is still susceptible to 71% of common attack vectors involving human error, it doesn’t offer much security in the least. A majority of users have screen-grabbing programs on their computers like Snag-it or Paint. These applications can capture screenshots and expose sensitive information to unauthorized users. Check if the VDR solution you’re using has a robust security system to stop users from sharing login credentials. There is no limit on the number of times a user logins in and out of your VDR, meaning that anyone could access your documents 30 times.
