Online Data Room and SSL

SSL and online data rooms.

Datarooms can be used to secure document sharing in many scenarios, such as due diligence, M&As fundraising, legal disputes, and more. They can be equipped with advanced features like customizable permissions, granular tracking of activity, search capabilities, watermarking and more to minimize the possibility of unauthorised sharing and theft.

Life science companies often require a dataroom to provide confidential documents to potential investors or partners for M&A deals, capital raising, and partnership discussions. These documents could include IP ownership documentation, pharmacokinetic data, clinical trials, and financial projections. This process is made easier and more efficient by the ability to securely share these documents via a virtual dataroom.

When when comparing VDR providers, ensure that they’re certified by reputable organizations and adhere to industry security standards. Visit their website to learn more about their security features and file sharing capabilities. Also, check their certifications as some may require regular confirmation.

Even the most secure VDR is susceptible to hacking. It is crucial to inform users about the storage of their data and access permissions and the management of documents. Provide user-friendly training materials and workshops to aid in familiarization. Consider adding digital watermarks for ultra-sensitive documents to avoid the unintentional downloading of files or leaks of information and also to deter unintentional edits. In addition, you should update documents and folders regularly. The old financial statements or contracts could mislead the stakeholders and increase the likelihood of data breaches.