Secure data rooms (SDR) is an online repository which allows companies to share sensitive documents with other parties in a safe environment. It is used in various business transactions, such as mergers and purchases and fundraising, IPOs or legal proceedings, where it’s important that external parties review confidential documents without exposing the company and creating a compliance problem.
Secure Data Room Features
The most reliable virtual datarooms have the latest security features that protect your sensitive information from malicious actors. These include virus and intrusion protection, data encryption (at rest and during transit), network firewalls, and other features that help ensure your data is always safe from cyber attacks and theft.
One of the most important features to look for in a secure data room is the ability to lock down access and monitor the access to the data room. This is crucial since the majority of data security breaches are the result of human error, like clicking on the link or downloading a document that contains personal information. A secure data room can prevent these errors by blocking the downloads and providing activity reports click for info and alerts.
NDA Gating is a different common feature. This allows companies to issue an invitation to the data space using an unique NDA link that expires at a predetermined period of time. NDA gating permits businesses to keep their information private while permitting potential buyers or investors to view a complete data set and assess the business.