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A reputable virtual deal rooms provider will have multiple layers of security. Look for features like 2-factor authentication, access expiration timers, and IP address-based accessibility restrictions. You should also look for an electronic watermark that reveals who viewed and downloaded the file and when. You can also revoke access to downloaded documents from devices.

Having full control of the platform and your data is vital for any project. Virtual data rooms that incorporate audit trails can help you ensure compliance, identify missing files, detect unathorized access to the platform, provide insights in the event of a dispute and ensure that you have the right information in the event of an emergency.