Virtual data rooms or VDRs have risen in prominence in recent times. VDRs make storing and sharing of business documents easier, eliminating the need to sit for long financial meetings. However, one needs to be aware of proper security measures. You should keep in mind the below 5 tips for choosing a trustworthy VDR.
- A VDR should be difficult to get in
The primary concern for a business while using a virtual data room is that the VDR should be difficult to crack. The documents uploaded should have no risk of exposure. This entails the need to have multi-step authentication process involving pins and passwords. A reliable VDR should facilitate all of these.
- A VDR provider should have audit logs record activity
In order to keep track of who accesses the business documents and when, a VDR should have the feature of audit logs that tracks activity of different users. In case of data loss or error, these audit logs also come handy to identify the cause.
- A VDR should have easy-to-navigate user interface
It is always important to test out the UI of a virtual data room before shelling out the money. It should have customizable permission settings, easy to use interface and allow access to documents with the correct credentials. Besides, your chosen VDR should be organized and have options for robust security credentials.
- Do your research well
From among so many VDR providers in the market, it can be a bit overwhelming to settle for one. You can check reviews from Dataroom-reviews.com for gaining better insights into various datarooms and providers available in the market. Compare several of them to get the best deal in your budget.
- A VDR should have data recovery feature
It is important for a dataroom to have data backup and recovery feature to prevent loss of information in case of a failure/disaster.