While Dropbox and Google Drive are great for basic file sharing, they’re not ideal to manage sensitive information or due diligence. Virtual data rooms allow companies to share confidential documents with many parties online, faster and securely than traditional meetings or digital tools allow.
In addition to access to files, VDRs also offer collaboration features. Users can comment on documents and collaborate with other stakeholders and in some platforms use secure services like DocuSign. This makes them an ideal option for transactions that are more sensitive over general-access cloud storage where a single breach can expose millions of users to privacy concerns and even disrupt the business operations.
VDRs tend to be more expensive than general-access cloud storage, as they offer top-quality security measures and constantly evolving technologies. They are generally held to compliance standards, making them a suitable choice for transactions with sensitive information that require strict control of documents.
Although some companies might be tempted to utilize cloud storage that is available to consumers instead of a dedicated VDR however, this could turn out to be a costly error. A data breach can Virtual Data Room cost a lot of money in fees, fines and revenue lost, not to mention the trust of customers. A dedicated VDR has more security features than cloud storage options such as fence view, built-in redaction and other security features. This can help ensure that sensitive data is secure even in the event that the platform has been compromised.
0 коментара