What Is a Secure Data Room?
A virtual data room is where companies can store and share sensitive documents with selected third parties and reduces the chance that sensitive business information could be released to non-authorized individuals. Due diligence used to be done in physical rooms. Today, it is done online in virtual data rooms.
The top VDR providers offer security-first functions that dramatically reduce the cost associated with data breaches and the sharing of information that is not authorized. These include granular control of document access and access, multi-factor authentication, session timeouts, restrictions on location and secure spreadsheet viewers. watermarking, screenshot blocking and encryption. All of these features combine to create a robust digital fortress that protects the information stored in a VDR and is shared with customers.
When selecting a secure data storage space, it is essential to make sure that the system is actually fit for purpose and doesn’t allow authorized users to log in and share your data on different platforms. Many’secure’ systems claim that they can prevent this. However they just decrypt the files on the server and then transmit them to the browser.
They depend on your browser to have an SSL certificate and being set to only accept certificates from trusted sources. This doesn’t mean your VDR isn’t vulnerable to hacking. However it does guarantee that hackers are only able to access your encrypted files and not your temporary files.