A virtual dataroom secure is a platform online where huge volumes of confidential information can be shared with security beyond the confines of a company. It is usually used for www.6dataroom.com/what-are-the-different-types-of-due-diligence/ M&A deals due diligence, litigation, bankruptcy as well as fundraising, audits and other matters – any time there are multiple parties that need to review sensitive data.
The most secure virtual data rooms are armed with a broad range of security features designed to ensure that data remains where it is intended to be – in the data room. These security features include physical security with granular permissions settings, as well as keeping track of the activity of documents.
Data Center Security: The most secure VDRs make use of data centers that are industry-standard with adequate physical security features including offsite backups of data, data redundancy and fire protection as well as biometric access control. They also utilize a robust business continuity plan as well as undergo regular penetration testing.
Document Access Security: The best virtual data rooms offer the ability to grant document access in granular ways that allow administrators to limit access to specific documents and folders, specifying printing only, viewing only and download options. They also have the option to add dynamic watermarks onto printed and viewed pages and establish time frames to allow access by users.
Privacy Security: A reliable VDR is in compliance with or exceeds ISO 27001 compliance and is HIPAA compliant. It provides end-to-end encryption (E2EE) to stop unauthorised interceptions of data by hackers and service providers as well as to prevent data from being altered or deleted.
A top-rated VDR is certified by FINRA (Financial Industry Regulatory Authority) and SOC 2 (Service Organization Controls) and ensures that it follows the most stringent handling practices to safeguard PII. This can help prevent the large fines, legal costs and lost revenue associated with data breaches.