Virtual deal rooms are a standard software that can be used to share sensitive information as an alternative to physical data rooms. These platforms are used to facilitate due diligence during mergers and acquisitions, as well fundraising and IPOs. The success of this industry, however, depends on the effectiveness of online security protocols. Data breaches and cyber-attacks can result in irreparable damage to companies reputations, as well as their relationships with investors and customers.

One of the most important factors to consider when selecting the right VDR is its security features. Choose a platform that has granular permissions, multiple layers (e.g. two-factor authentication or single sign-on) and IP restriction to safeguard your confidential documents from being accessed by unauthorized devices. Ideally you should have a VDR should also contain digital rights management (DRM) policies that can be applied to specific files. This stops unauthorized users from downloading and copying data.

Go to the security section on their sites when you are you are evaluating VDRs. This will provide you with an idea of how seriously the company is taking security seriously. It should also tell you if the company has a dedicated security team.

A VDR that can distinct workspaces is another important aspect to take into consideration. This feature is crucial to avoid projects overlapping and possibly revealing confidential information. It is also crucial to ensure that distinct projects have clear names so they can http://digitalcloudroom.com/ be distinguished from one another in the VDR.