Security Data Rooms

Jul 8, 2024

Security Data Rooms

Security Data Rooms are cloud-based services specifically designed for the secure storage and sharing of sensitive business information. They are utilized for M&A, due-diligence and real estate asset management and any other type of business that requires specialized secure file sharing.

With all the prominent data breaches that have been reported in the news, it’s no surprise that businesses are concerned how their sensitive business information is handled securely to safeguard them from cyberattacks. While encryption of data-at-rest in a virtual data room is vital to block hackers from accessing your documents, it’s just one aspect of the overall picture. You should take a holistic approach to data-room security which includes policies as well as technical capabilities and training.

The use of VDRs VDR also helps to comply with industry regulations such as the Payment Card Industry Data Security Standard (PCI-DSS). PCI-DSS requires secure storage, robust access control measures encryption of transmissions, and regular security tests. The ability to use this method shows your partners, clients and other stakeholders that you take data security seriously.

Certain VDR systems are also able to restrict access to in-app content by limiting the IP addresses that are eligible for VDR access. This can prevent unauthorised users from using screen-grabbing tools to record content from documents and share it with other parties that are not authorized. VDRs with advanced access controls allow administrators to identify a user’s identity with viewed images and printed files.