VDR for Cybersecurity
Cybersecurity is an issue of great concern for VDR providers and their clients due to the extremely confidential nature of the information used in M&A deals such as pre-IPO due diligence review restructuring or bankruptcy audits as well as proprietary intellectual property, fundraising initiatives, etc. The unauthorized access or disclosure of this information can have significant financial consequences. VDR for cybersecurity features must include strong password and username control end-to-end encryption, tamper-evident design and deterrence tools like document watermarking to prevent unsolicited printing or downloading of sensitive documents.
VDRs are able to support forensic investigations into security incidents, by providing detailed audit trail and user activity. These records can aid investigators in determining the root, impact and scope of the breach. They can also give insight into the weaknesses in security practices, which allows organizations to correct their practices prior to the next time an incident occurs.
It is vital that users do NOT overwrite recordings with other data for example backups. As such, an optional feature could be implemented which allows users to create a marker within the recording. This marker would http://dataroomlab.net/ be an independent file that isn’t saved along with the original recording, preserving the integrity and accuracy of the data recorded. In addition, the requirement that people on board manually save a recording could be removed and replaced by the requirement that data should be saved using a password or other secure method.
