VDR secure data transfer is an essential technology tool for companies that this post are involved in M&A deals and fundraising deals and asset management for real estate, and many other situations where sensitive information need to be instantly shared with other parties. This could include service providers potential investors, internal employees, etc. In many situations, using a VDR is much faster and more efficient than sending files via email or other similar tools.
Certain VDRs include advanced features that decrease the chance of human error in sharing sensitive documents. Some of these features include the capability to impersonate a user, as well as the “View As” function to verify permissions prior to inviting anyone else to view confidential documents. Some VDRs also utilize dynamic watermarking techniques that overlay confidential documents with visible or invisible labels. This makes it easier to trace document leaks if they occur.
Additionally, certain VDRs make use of encryption for data at rest to protect the integrity of any information stored on their servers. This will help businesses meet GDPR’s strict safeguarding requirements for personal data transferred across borders. Certain VDRs also assist companies with compliance by managing their third-party vendor relationships, ensuring these vendors comply with the company’s policies and procedures for data security.
Some VDRs are also compatible with popular collaboration tools like Slack or Microsoft Teams, enabling remote working and collaborative projects in a safe and secure environment. This simplifies communication and eliminates physical document exchanges, which saves both time and money.