Secure Data Room Review
Virtual Data Rooms (VDRs) are a type of online collaboration and storage platform created to ensure the safe sharing of confidential documents for business. They are typically utilized in M&A, IPOs, due diligence and real estate asset lifecycle management capital raising, and other projects that require safe storage, management and sharing of important business files with external third party. The most reliable VDR providers offer a range of features that reduce the possibility of sensitive data leaks to undesirable third parties.
A secure VDR must be inaccessible to anyone who is not authorized, and the majority of them offer features like restricted permissions, click trails dynamic watermarking and many more to stop the accidental release of private information. However, they are also susceptible to human error and it is essential to ensure that the correct instruction is given for efficient and effective VDR use.
If your VDR is secured with security that is bank-grade, but it is still vulnerable to 71% of all common attack vectors that involve human error, it doesn’t offer much protection in the least. The majority of users use screen-grabbing software on their computers like Snag-it or Paint. These applications can take screenshots and reveal confidential information to unauthorized individuals. It is therefore essential to verify that your VDR solution comes with a strong security feature that will prevent users from sharing their login credentials. There is no limit on how many times the same user logs into and out of the VDR which means that a single person could potentially access your files 30 times.
