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Showing posts from January, 2022

Technology behind Virtual Data Rooms

  What Is a VDR? A virtual data room is an online repository that enterprise businesses use to store highly sensitive and classified information online. They are not merely digital archives used to create backups of company documents. Instead, VDRs serve as an interface for businesses. Companies have the ability not only to store but also to share their business documents with third party stakeholders such as investors, attorneys, and shareholders. And they can do so without compromising confidentiality. Businesses primarily use VDRs during fundraising, IPOs and audits. Secure File Storage in the Cloud The first component of a VDR is file storage in the cloud. At first glance, VDR storage might not seem any different from generic cloud hosting. The key difference here is data encryption and accessibility. Generic cloud hosting services are secure in the sense that any kind of data transmission to and from the server is encrypted. Encryption prevents unauthorized access to the...