Cybersecurity is a key concern for VDR providers and their clients due to the sensitive nature of data in M&A transactions and pre-IPO reviews of due diligence or restructuring or bankruptcy. Audits are also a concern, as is intellectual property, fundraising efforts etc. Unauthorized access or disclosure can have serious financial consequences. VDR features for cybersecurity should include strong passwords and username control, end-to- the end encryption, tamperproof design, and deterrent tools like document watermarking, in order to prevent uninvited printing and downloading of sensitive information.
VDRs can be used to aid forensic investigations into security incidents, by providing a detailed audit trail and user activity. These records can assist investigators understand the scope the incident, its cause and the impact of the breach. They can also provide insights into the weaknesses of data protection practices, allowing organizations to make changes before the next incident occurs.
It is important to ensure that users do not overwrite recordings with other data such as backups. Therefore, an optional feature could be introduced that allows users to start a type of marker within the recording. This marker will be an independent file that isn’t stored alongside the original recording, which would ensure the integrity and accuracy of the data recorded. As an alternative, the requirement that people on board manually save recordings could be eliminated and replaced by the http://dataroomlab.net/ requirement that data should be saved only using a key or other security measure.
