A virtual data room is the most secure option to share documents with a third-party without the threat of a breach. This is the reason why a virtual data room is a great option for due diligence in M&A deals or fundraising, partnership negotiation and asset sales. However not all virtual data rooms are created equalthey differ in terms of security, usability, and pricing.
A virtual data room must include a minimum of two-factor authentication as well as users with granular permissions to secure files from theft. Additionally, the virtual data room must encrypt the files both in storage and during transfer. It is also important to include features that allow https://clickvdr.com/secure-document-sharing-strategies-for-the-investments-industry/ you to control what a recipient can do with downloaded files, including the ability to view only as well as dynamic watermarks and other restricted-view functions.