A virtual data room secure is an online environment in which large volumes of confidential documents can be securely shared beyond the walls of a company. It is typically used for M&A deals, due diligence, litigation, bankruptcies, fundraising, audits – any time multiple parties require the review of sensitive information.
The best virtual data rooms come with a broad range of security options that ensure that data stays where it’s supposed to be – in the data room. These include physical security as well as granular permissions settings for the ability to track document activities.
Data Center Security: The most secure VDRs employ data centres of industry standard with adequate physical security, including offsite backups of data, redundancy of data and fire protection as well as biometric access control. They also have a solid business continuity plan as well as undergo regular penetration testing.
Document Access Security: The top virtual data rooms provide the ability to grant document access in granular ways that allow admins to restrict access to specific documents https://6dataroom.com/ and folders with the option of printing only, view only and download options. Users can also apply dynamic watermarks to pages of printed documents and pages that are viewed and set limits on time for access.
Privacy Security The VDR that is HIPAA-compliant and meets ISO 27001 compliance or exceeds it, will provide privacy protection. It provides end-to-end encryption (E2EE) which impedes from unauthorized access to data by service providers or hackers.
Additionally, a top-rated VDR is certified for FINRA (Financial Industry Regulatory Authority) and SOC 2 (Service Organization Controls) to ensure that it follows the most stringent methods of handling to protect PII. This helps avoid the hefty fines and other legal expenses that can be incurred due to data breaches, and also the loss of revenue that could result from breached trade secrets or strategic plans.
