VDR and Data Security
VDRs are a must-have tool for companies that handle sensitive information and support many business processes. However they should be considered as a part of an overall security plan for data, which includes regular risk assessments and training and planning for incident response, ongoing monitoring, and the use of effective technical controls.
The main reason for implementing the use of a vdr in business transactions is to protect confidential documents. For instance, a business involved in M&A due diligence would want to make it easy for buyers who are interested to examine confidential documents without worrying about theft or misuse. The need for fast, secure document sharing can occur in a variety. For instance, when legal counsel needs access to documents from the company or audit reports or a board member from a distance needs to review critical documents.
Security features for data in vdrs include access control encryption, access control, and audit trails that help to ensure compliance with regulations such as GDPR. Many VDRs also offer features like dynamic watermarking. This covers confidential documents with an invisible or visible marker that can be tracked if they leak outside of the VDR.
In the event of a breach, the detailed logs kept by a vdr can assist in forensic investigations and assist companies discover the source of the breach and what data may be affected. A vdr could also provide insights into areas that need improvement.
