Secure Data Room Review
Virtual Data Rooms (VDRs) are a form of online collaboration and storage platform for files that is created to ensure the safe sharing of confidential documents for business. They are usually employed in M&A, IPOs, due diligence, real estate asset lifecycle management capital raising, and other projects that require the secure storage, management and sharing of business-critical files with third party external partners. The top VDR providers offer a range of features that lower the possibility of sensitive data being leaked to unwelcome third parties.
Secure VDR must be inaccessible to unauthorised users and provide features like granular access rights and click trails to avoid accidental disclosure of private information. However, they are vulnerable to human error and it is essential to ensure that the correct training is provided for efficient and effective VDR use.
If your VDR is secured by a bank, but is still susceptible to 71% of common attacks that involve human error, then it’s not providing adequate security. For instance, the majority of users use a screen-grabbing software on their PC such as Snag-it, Paint or the Windows Snipping Tool – these programs can take screenshots of documents in your VDR and also reveal sensitive information to anyone who is not authorized. Find out if the VDR solution you are employing has a robust security system to block users from sharing login credentials. The majority of VDRs do not restrict how many times the same user logs in and out of your VDR that means an individual user could access your files 30 times.
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