A virtual data room (VDR) is a secure online repository for storing and sharing sensitive information. VDRs are designed to facilitate business transactions such as mergers and acquisitions, capital raising, private equity transactions, company diligence, bankruptcy proceedings, property sales, and many more. There is a lot to consider, though, when choosing a data room service, so here’s a top 5 outlining the benefits of a virtual data room.

Secure

Virtual data rooms are not only secure, but they also provide an added layer of protection that can’t be found in physical data rooms. The sensitive information you store in a virtual data room is encrypted and therefore protected from hackers by sophisticated encryption software. Even if someone were to break into the server hosting your virtual data room, they wouldn’t be able to access or tamper with any of the files stored on it because those files would remain …