Security Data Rooms are cloud-based services specifically designed for the safe storing and sharing of confidential business information. They are used for M&A due-diligence and due diligence, real estate asset management, and any other industry that requires specialized secure file sharing.
With the number of major data breaches reported in the http://dataroomdesign.com/what-are-the-distinctive-qualities-of-top-data-room-providers/ news it’s no wonder that businesses are concerned the security of their shared business data is protected to protect them from cyber attacks. While encryption of data-at-rest in the data room is important to prevent hackers from gaining access to your documents, it’s just one part of the puzzle. To ensure your data is safe you must adopt a more holistic approach to security of your data room that includes policies, training and technical capabilities.
The use of VDRs VDR also helps to comply with regulations in the industry, for example the Payment Card Industry Data Security Standard (PCI-DSS). PCI-DSS demands secure storage, strong control over access, encrypted transmissions, and regular security tests. This feature shows your clients, associates and other users that data security is a priority for you.
Some VDR systems are also able to restrict access to content in-app by restricting the IP addresses that can be granted VDR access. This can prevent unauthorized users using screen grabbers to record document contents and then share them with unauthorized third parties. VDRs that have advanced access controls also enable admins to connect an authorized user’s name to viewed images and printed documents.
