Data security is a hot-button issue in the news. It's only natural that businesses would be wondering about data room security best practices and whether their information is being handled securely to protect it from data breaches. Keep reading to discover how secure the typical data room is and what features to look for to know that you have best-in-class protection.

The Importance of Data Room Security

Virtual data rooms are where teams exchange confidential business data and perform due diligence in advance of deals. A lot of sensitive information changes hands.

Personally identifiable information (PII) is used by companies every day to track trends and respond to customer needs. PII is extremely valuable, which is why so many hackers attempt to gain access. Businesses are turning to artificial intelligence and data protection efforts to keep financial data and other types of PII from falling into the wrong hands. Discover the ways artificial intelligence can protect PII and assist with data compliance measures mandated by laws such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).

Since we are in the business of helping organizations securely manage, share, and transmit sensitive information, there’s no better time than Cybersecurity Awareness Month to share information, resources, and mitigation strategies to help you better understand the latest cyberthreats, best protect your sensitive information, and help you strengthen your cybersecurity posture.

With a multitude of cybersecurity resources available, we curated some of the best, from A to Z:

As Cybersecurity Awareness season continues, we are shedding light on the importance of safeguarding financial data and information.

Whether your company is preparing for an acquisition or an IPO or filing the multitude of forms required by the U.S. Securities and Exchange Commission (SEC), the process of sending, disclosing, reporting, and filing sensitive financial information requires robust security at every step of the process.

Welcome to Cybersecurity Awareness season, where we hope to shed light on the latest cybersecurity threats and offer several resources that organizations can use to mitigate or prevent them.

The use of ChatGPT in corporate markets may have made headlines about the adoption of artificial intelligence, or AI. However, it's not the first AI tool to find widespread use in business applications. Businesses have been using AI assistants for years, particularly when it comes to large data sets. AI is more efficient than even the most diligent employee, capable of analyzing large data sets quickly and with greater accuracy than a human.

Companies need a secure way to share financial reports, contracts and other important documents without the worry of information being accessed by the wrong party. A virtual data room meets the needs for security and privacy while offering many benefits for their users.

When you begin looking into virtual data rooms, one of the first things you may notice is the wide array of features on offer.

When it comes to generative language models and AI, most of the talk centers around tools like ChatGPT. It's only a matter of time before higher-level applications of AI tools are upon us, such as using AI in deal sourcing. AI tools can help teams identify deal targets and stay on top of trends, providing them with the all-important first mover advantage when it comes to deals.

Life sciences, biotechnology, and pharmaceutical firms are pivotal in advancing medical research and revolutionizing the healthcare industry through innovations, developments, and research. In their pursuit of groundbreaking treatments, cures, and therapies, these firms handle, collaborate on, and regularly need to transmit a wealth of sensitive information — and need to do so securely and efficiently.

In his new SecurityInfoWatch article, Craig Clay discusses the exponential growth in cyberthreats and how a partnership between the CEO and CISO holds the key to defeating those threats. Working together, they can master two essential components of an effective cybersecurity strategy, data management and risk mitigation, to defend the company’s critical assets.