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Online Data Room and SSL

Online data room and SSL

A virtual data room (VDR) is a great option when it comes to protecting confidential documents in a secure environment is better than free file-sharing services such as Dropbox or Google Drive. These services are fine for sharing documents on a daily basis, however they aren’t able to handle significant business events such as IPOs, M&A due diligence tenders, capital raising and capital raise.

A VDR is a cloud-based service which securely stores and shares confidential data with multiple users across the internet via a browser-based interface. This makes it perfect for M&A and venture capital fundraising, IP protection, as well as project management and IP protection.

Many of the same features that are available in file-sharing services are also available on VDRs, such as two-factor authentication (2FA) SSO, two-factor authentication (2FA), as well as access to user rights that are granular. VDRs also offer additional security features such as IP restriction which prevents access to specific devices, continuous backups of data and 99.9 percent uptime.

Businesses that handle sensitive information regularly should choose the VDR that has ISO 27001 certification. This encompasses all the platform’s systems, operating procedures and infrastructure. In addition, a GDPR-compliant VDR meets European data protection standards while an ITAR-compliant version follows US guidelines for military and defense-related documentation. A HIPAA compliant VDR conforms to national health care transaction and record-keeping regulations for electronic records. This permits healthcare providers to share confidential patient information with external partners in a secure environment.

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