VDR security of data is among the most important concerns for pharmaceutical, life sciences and biotechnology companies. They employ VDRs for sharing confidential information during M&A transactions as well as intellectual property negotiations. These projects require collaboration from a variety of parties including researchers, analysts and academic partners as also patients and regulatory authorities. A VDR can provide a secure space for collaboration, reducing the requirement for external communication channels and promoting efficiency and productivity.
The best VDR security solutions offer advanced encryption and threat detection capabilities to safeguard against ever-changing cyber-threats. They also come with robust audit trails that monitor every document download and view so you can see exactly who has access to your data. These features are designed to provide you with peace of mind that your data will stay exactly where you need it during any due diligence process.
Document watermarking is a different way that the top vdrs can help you reduce risk. Watermarks show the user’s name and IP address, along with the date and time of their access, to make it easy to track the activity of a document. Some vdrs come with the ability to control version numbers, making it easier to manage and track document changes.
Select an VDR with multi-factor authentication in order to prevent cybercriminals gaining access to information through compromised passwords. This is particularly important since as many as 52% of users reuse passwords across accounts. A good VDR should also have a single sign-on, which allows users to access the VDR using just one set of credentials.
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