Online data room and SSL

When it comes down to securing confidential information in a safe environment, the virtual data room (VDR) is more effective than free file sharing options like Dropbox or Google Drive. These services are great for sharing files frequently, but they are not sufficient enough to handle major business events such as IPOs, M&A Due Diligence, tenders, and capital raising.

A VDR is an online service that securely stores, manages, and shares confidential information with multiple people through the internet via web-based interface. This makes it perfect for M&A as well as venture capital fundraising, IP protection, as well as project management and IP protection.

Many of the features that are available in file-sharing services are also available on VDRs, for example two-factor authentication (2FA) SSO, two-factor authentication (2FA), as well as access to user rights that are granular. However, VDRs have additional security measures, including IP restriction (blocking access for specific devices) as well as continuous backup of data and 99.9 percent uptime ensuring that documents will always be available to review.

Companies that handle sensitive data regularly should opt for a VDR that has ISO 27001 certification. This covers the entire platform’s systems, operating procedures and infrastructure. A GDPR-compliant VDR also meets European standards for protecting data as well as an ITAR compliant VDR follows US regulations for military and defense related documentation. Furthermore, an HIPAA-compliant VDR is in compliance with national healthcare records and transaction standards for electronic health records. This permits healthcare providers to provide confidential patient data to other partners in a secure environment.

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