Security Data Rooms

Security Data Rooms (SDRs) are cloud-based solutions that allow for the secure storage and sharing confidential information. They are utilized in M&A due diligence and real estate asset lifecycle management, and any other business where there is a need for specialized secure file sharing.

With all the major data breaches reported in the news and in the media, it’s not surprising that businesses are concerned how their sensitive business information is secured to protect them from cyberattacks. The encryption of data in a virtual dataroom is crucial to stop hackers from accessing documents. However, it’s only one piece of the puzzle. You must take a holistic approach to data-room security which includes policies technical capabilities, policies, and training.

The use of a VDR helps in ensuring compliance with regulations in the industry, for example the Payment Card Industry Data Security Standard (PCI-DSS). PCI-DSS requires secure storage, strong access control measures encryption of transmissions, and regular security testing. This capability lets your clients, partners and other stakeholders that you are taking security of data seriously.

Certain VDR systems also allow restrict access for users to content in-app by restricting the IP addresses that can be granted VDR access. This can stop unauthorised users using screen grabbers to capture the contents of documents and share them with non-authorized parties. VDRs that have advanced access controls also allow admins to connect the identity of a user who is authorized to printed and viewed documents.

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