Online data room and SSL

A virtual data room (VDR), when it comes to securing confidential documents in a safe environment, is superior to free file-sharing services like Dropbox or Google Drive. These services are great for document sharing on a regular basis, but are not robust enough to handle major business events such as IPOs, M&A due diligence tenders, capital raisings, and tenders.

A VDR is a cloud service that securely stores and manages confidential data with multiple users over the internet through a browser-based interface. This makes it perfect for chatabate.org/ use in M&A deals in fundraising, venture capital, and M&A as well as IP protection and managing projects.

Many of the same features offered by file-sharing companies are also offered by VDRs, including two-factor authentication (2FA) SSO, two-factor authentication (2FA), as well as access to user rights that are granular. However, VDRs have additional security measures, including IP restriction (blocking access to certain devices), continuous data backup and 99.9 percent uptime, which means that documents are always available for review.

Businesses that handle sensitive information regularly should opt for the VDR that has ISO 27001 certification. This covers all the platform’s operational procedures, processes and infrastructure. A GDPR-compliant VDR also complies with European standards for protecting data and security, while an ITAR certified VDR follows US regulations that govern documents for military and defense. A HIPAA certified VDR is compliant with national healthcare transaction and record-keeping standards for electronic records. This provides healthcare providers with the ability to share confidential data with external partners in a secure environment.