Security Data Rooms (SDRs) are cloud-based solutions that permit the secure storage and http://dataroomdesign.com/what-is-a-private-equity-data-room/ sharing of confidential information. They are used in M&A due diligence as well as in real estate asset lifecycle management and any other industry where there is a need for specialized secure file sharing.
With so many major data breaches reported in the news and in the media, it’s not surprising that companies are concerned how their sensitive business data is protected to guard against cyber attacks. Encrypting data at rest within a virtual dataroom is vital to prevent hackers from gaining access to documents. However, it’s only one aspect of the equation. It is essential to take an integrated approach to data-room security, which includes policies as well as technical capabilities and training.
The use of VDRs VDR helps in ensuring compliance with regulations of the industry like the Payment Card Industry Data Security Standard (PCI-DSS). PCI-DSS requires secure storage, a strong control over access to encrypted transmissions, as well as regular security tests. The ability to use this method shows your clients, partners and other stakeholders that you are taking data security seriously.
Certain VDR systems can also limit access to content in the app by limiting IP addresses that qualify for VDR access. This can stop unauthorised users using screen grabbers to capture the contents of documents and then share them with unauthorized third parties. VDRs that have advanced access controls also enable administrators to link the identity of a user who is authorized to printed and viewed documents.