Security Data Rooms are cloud services specifically designed to secure the storing and sharing of sensitive business information. They are used in M&A, due diligence, real estate asset lifecycle management, and any other company where there’s an need for specialized secure file sharing.
With the number of prominent data breaches that have been reported being reported and in the media, it’s not Security Data Rooms surprising that businesses are concerned whether their confidential business information is secure to protect them from cyberattacks. The encryption of data within a dataroom is crucial to stop hackers from accessing documents. However, it’s only one element of the puzzle. To ensure your data is secure, you need to take a more holistic approach to the security of your data room that includes policies, training and technical capabilities.
VDRs are also useful for keeping track of industry regulations, such as the Payment Card Industry Data Security Standard. PCI-DSS requires secure storage, strict control over access encrypted transmissions, as well as regular security tests. This capability shows your clients, colleagues and other stakeholders that data security is important to you.
Certain VDR systems can also restrict access to the in-app content by limiting IP addresses that are eligible for VDR access. This could stop unauthorized users from using screen capture tools to take document content and then share them with third parties. VDRs with advanced access controls also allow admins to connect the identity of an authorized user to viewed images and printed documents.
