Last updated on June 26th, 2023 at 10:46 am
INTRODUCTON
Data breaches are becoming very frequent in today’s technology driven times. Therefore, the security of your business sensitive data cannot be overlooked or neglected. But at the same time the security should not become a burden on the ease of usability factor. Normally there is an inherent conflict between ease of use and comprehensive security. So finding the right balance between these two important factors is a necessity and a very challenging task.
Most VDRs promise the right balance of ease of use and high level of security. The cutting-edge options of VDR security balance ease of use, in the sense that it makes information simple to protect and difficult to compromise.
VDRs are normally used by corporates during business transactions in which large volumes of critical data is organized, shared, tracked and made available to only a select few individuals related to the deal. VDRs offer robust data encryption system with encryption keys stored and managed securely within a key management system. You can choose the right key management system that suits your needs from amongst a variety of options.
VDRs also have built-in data loss prevention (DLP) mechanisms. These tools and processes help protect your invaluable data from loss, misuse or unauthorized access. These tools are of two types: those that detect threats to your data and those that address the threats. But these tools need to be regulations compliant.
VDRs also allow you to see how data is accessed or altered and by whom. This gives you an added layer of transparency and insight in to your data rooms activities.
Control and Customize Data Viewing and Redaction:
VDRs also allow authorized persons to view, redact or edit information. Besides you can also control who has access to which portion of the data and how each one of them can interact with the said data.
Transparency:
VDRs allow role-based access controls according to set permissions. This offers transparency as well as security. A VDR provider’s software integrates easily with existing in-house cyber security measures. According to a 2019 McKinsey study the researchers found that most businesses prefer not to leave cyber security measures entirely in the hands of third-party software vendors, even when the software offered customer-friendly, cutting-edge security technologies.
Balancing usability with data protection is a must for an effective virtual data room and when a VDR offers this it leads to better peace of mind and more focus on your core business, rather than worrying about the security of your data.
The Confiex team specializes in providing premium virtual data room solutions tailored for businesses. With their vast experience in working with document sharing platforms, they have been actively supporting the Virtual Data Room community since 2015 by offering valuable information to users free of charge.