Security Data Rooms (SDRs) are cloud-based solutions that permit the safe storage and sharing of confidential data. They are used for M&A due diligence, due diligence and real estate asset management, and any other business that requires specialized secure file sharing.
With so many prominent data breaches that have been reported being reported it’s no wonder that businesses are concerned how their sensitive business data is protected to protect board management software features them from cyber attacks. Encrypting data-at-rest within a virtual dataroom is vital to prevent hackers from accessing documents. But it’s only one element of the puzzle. To ensure your data is safe you must adopt a more holistic approach to security of your data room that includes training, policies, and technical capabilities.
The use of VDRs VDR also facilitates compliance with regulations of the industry like the Payment Card Industry Data Security Standard (PCI-DSS). PCI-DSS requires secure storage, strong control over access encrypted transmissions, as well as regular security tests. This certification shows your customers as well as your associates and other stakeholders that security of data is a priority for you.
Certain VDR systems can also restrict access to content within the application by restricting IP addresses that are eligible to be granted VDR access. This could help prevent non-authorized users from using screen grabber tools to take document content and then share it with non-authorized users. VDRs that have advanced access controls permit administrators to associate the identity of a user with the viewed images and printed files.
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