Cybersecurity is a major concern for VDR providers and their clients due to the extremely private nature of information in M&A deals and pre-IPO due diligence reviews restructuring or bankruptcy audits Intellectual property that is proprietary, fundraising efforts, etc. Unauthorized access or disclosure could be a serious financial risk. VDR features for cybersecurity should include strong passwords and username control, end to end encryption, tamper proof design, and deterrent tools like document watermarking, in order to deter uninvited printing or downloading of sensitive information.
VDRs can assist in investigations into security incidents by providing detailed audit trails and user activities. These records can help investigators determine the scope, cause and impact of the breach. They also offer insight into the weaknesses in data protection procedures, allowing organizations to take corrective action before the next incident occurs.
Aside from ensuring that the VDR itself is secure, it is important to ensure that users do not interfere with recordings by using other information (such as backups). A feature that allows those on board to mark the recording could be used as an option. This marker could be an independent file that isn’t saved along with the original recording, thus preserving the integrity and accuracy of the data recorded. Alternatively, the requirement that people on board manually save recordings could be removed and replaced with the requirement that great post to read data be saved only with a code or another secure measure.