Online data room and SSL

A virtual data room (VDR) when it comes to securing confidential documents in a safe environment, is superior to free file-sharing platforms like Dropbox or Google Drive. These services are ideal for sharing documents regularly, but they are not robust enough to handle major business events like IPOs, M&A Due Diligence tenders, capital raising.

A VDR is a cloud solution that safely stores the data, manages it and shares the data with multiple users over the internet through a browser-based interface. This makes it ideal for M&A and venture capital fundraising, IP protection as well as management of projects and IP protection.

Many of the features available on file-sharing platforms are also available on VDRs, for example two-factor authentication (2FA) SSO, two-factor authentication (2FA), and granular user permissions. VDRs also offer additional security features such as IP restriction, which blocks chatabate.org/how-virtual-data-rooms-software-complying-with-general-data-protection-regulation/ access to certain devices, continuous data backups and 99.9% uptime.

Companies that handle sensitive data regularly should consider the VDR that is certified with ISO 27001 certification. This covers all the platform’s systems, operating procedures and infrastructure. In addition, a GDPR compliant VDR is compliant with European standards for data protection and an ITAR-compliant one is in line with US regulations regarding military and defense-related documentation. A HIPAA certified VDR conforms to national healthcare transaction and record-keeping standards for electronic records. Healthcare organizations can share confidential patient information with external partners in a safe environment.