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Protect Your Data With Online Data Room Security

When you’re dealing with data security it is not possible to make a mistake. A single cyber-attack could result in the loss of a significant amount of Intellectual Property, and even a lot of money. Virtual data rooms have multiple layers of protection to safeguard sensitive information.

Most commonly used in the M&A industry, a virtual data room (VDR) is an electronic repository of crucial documents that are used in due diligence or other business transactions. It is designed to ease the document exchange process and decrease the risk of disclosure.

In the course of a transaction sensitive business data must be shared among a number of parties. This sharing needs a degree of privacy that file-sharing applications can’t offer. Data rooms have a variety of security protocols, including encryption of data and digital right management controls. They also provide audit trails, which allow administrators to trace who has visited which data.

A VDR’s Q&A feature allows businesses to respond to questions about sensitive information discreetly within the data room, ensuring conversations are kept private. This is crucial for a successful due diligence process because any disclosure that is not authorized can undermine the integrity of an agreement.

Think of the VDR coupled with DRM controls like a state-of-the-art safe that has locks and an alarm system. It’s difficult for a criminal to gain access to the safe, but it’s more difficult to take the contents of the VDR secured by file-level encryption controls. These controls prevent unauthorized parties from copying or duplicating your valuable content.

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