A secure virtual dataroom is an online repository that allows business documents with confidential information to be shared and be viewed. A VDR allows businesses to conduct M&A as well as procure contracts and perform due diligence without exposing sensitive information to the wrong individuals.
A top-tier VDR must provide the following security features:
Document encryption in transit and in the rest of the document. This protects information from being accessed by unauthorised users even if they gain access to your password. Multi-factor authentication requires a second type of identification to confirm a user’s identity before they can access information. Activity monitoring to detect unauthorized logins and prevent them from happening in the future.
The ability to grant document permissions in granular terms, as well as restrictions settings to stop unauthorized document downloads and sharing. These features minimize the risk of leakage of data and allow administrators to monitor the activities of every user within a project. Key management system that generates keys, distributes and stores encryption keys in a secure manner. Completely audited and in compliance with industry-standard security procedures, including ISO 27001, SOC 2 GDPR, SOC 2 and FINRA.
The best VDR for your requirements is contingent on the type of data you’ll upload and how many people will have access it. If you’re storing sensitive information, choose an option that provides an check out the post right here about Private Equity Data Room Setup and Management extremely secure level of security, as well as many useful features that can be used to support your project. For instance, if hosting a project that involves other parties, consider using an VDR which supports document watermarks to prevent printing and sharing that’s not authorized.