Online data room and SSL
A virtual data room (VDR), when it comes to protecting confidential documents in a secure environment is better than free file sharing services like Dropbox or Google Drive. These services are suitable for document sharing on a regular basis, but they aren’t robust enough to handle major business events such as IPOs, M&A due diligence tenders, capital raises and tenders.
A VDR is a cloud solution which securely stores, manages and shares confidential data with multiple users over the internet using a web browser interface. This makes it perfect for M&A, venture capital, fundraising and IP protection, as in addition to management of projects and IP protection.
Many of the features available on file-sharing platforms are also available in VDRs, such as two-factor authentication (2FA) SSO, two-factor authentication (2FA), as well as the ability to grant granular permissions to users. However, VDRs have additional security measures, such as IP restriction (blocking access for specific devices) and continuous backups of data and 99.9 percent uptime, which means that documents are always available to review.
Businesses that handle sensitive information regularly should consider the VDR that has ISO 27001 certification. This encompasses all the platform’s operations, procedures, and infrastructure. A GDPR-compliant VDR also meets European standards for protecting data, while an ITAR certified VDR is in compliance with US regulations for military and defense related documentation. Furthermore, an HIPAA-compliant VDR is compliant with national healthcare records and transaction standards for electronic health records. This permits healthcare providers to share patient information that chatabate.org/online-data-room-in-everyday-usage is confidential with other partners in a secure environment.