A secure virtual dataroom is a virtual space where a limited number of users has access to documents. This facilitates collaboration and efficiency versus physical meetings, while providing an extra layer of protection from unwelcome https://creativetrance.com/data-sharing-insights-for-success-in-buy-side-vs-sell-side-ma/ third parties. Security features like dynamic watermarking and granular permissions as well as extensive tracking are employed to protect the most valuable data.
To protect sensitive information make sure you choose an VDR which uses two-factor authentication. It also provides an opportunity to verify the identity of the user by asking for additional information or codes (similar to passwords). The administrator of a data room can also monitor the IP address, device type and the location of every person who logins. This gives administrators the ability to monitor user activity and debar access at anytime even for documents that have been downloaded.
Look for a platform that has multiple layers of security such as 256-bit envelope encryption server isolation, AES-256 data backup. It is essential to verify that the VDR is hosted in world-class data centers that offer high availability and redundancy that is multi-layered.
Finally, make sure your provider has multiple security certifications for their cloud storage systems. The best online data rooms are certified by ISO, SOC 1, SOC 2 and FedRAMP.
Digify’s virtual rooms are protected with AES-256 envelope cryptography and our AWS infrastructure is supported by redundant network connectivity as well as power systems, cooling systems and routers. We also focus on security of documents by implementing features such as dynamic watermarking which identifies the recipient of each file and increases the traceability.
