This is a guest post by Firmex. If you are interested to guest post in this blog, just head over to the Guest Post Guidelines.
Targeted online attacks on businesses are growing in sophistication and becoming increasingly more common, affecting everyone from law firms to energy companies and even the security firm RSA. In March, 2011 USA Today reported that a group of hackers had targeted multiple high profile executives through automated Google alerts. Their goal was to insert malware that would steal passwords and gain further access to information across internal networks. The following month, The Globe and Mail reported that four top US law firms had fallen victim to cyber attacks originating from China. The attacks were aimed at stealing sensitive data relating to high value mergers and acquisitions. Hackers used email to pose as a partner working on the deal and embedded attachments that contained malware, successfully infecting dozens of computers and comprising several sensitive documents.
To help protect against this, many firms are now seeking encrypted alternatives for secure communication and document exchange and discovering the benefits of cloud computing. Organizations that require higher security are reengineering their networks in ways that limit the ability of hackers to infect users, including storing documents using secure third party facilities. Storing files in ‘the cloud’ limits the ability of an infected computer to spread the infection to other computers, or corrupt sensitive documents.
In particular, the use of virtual data rooms has grown exponentially. Virtual data rooms are widely considered to be a much safer alternative to traditional file sharing tools, such as email. The issue with email is that as it travels from its starting point to its end destination, it traverses an untold number of servers and can be intercepted and viewed by virtually anyone with the proper technological know-how and desire. In contrast, virtual data rooms allow authorized end-users to share documents without having to rely on programs to run on the end-user’s server – making malware based attacks impossible.
The strict security controls surrounding virtual data rooms even make them a more viable option that other cloud computing solutions, such as generic file sharing programs. The virtual data room provider Firmex, for example, uses bank level SAS 70 Type II Compliant Data Centers, protected by 128-bit SSL security certificates for data encryption, anti-virus and anti intrusion applications, and an industry top-rated application firewall that actively monitors user behavior to ensure it is within the acceptable parameters of use. Any unusual behavior is flagged and the user session is terminated automatically, giving administrators complete peace of mind that their sensitive data is protected and being used appropriately. Firmex data rooms are also SaaS-based, enabling business professionals to login from wherever the Internet can be accessed, without having to install and maintain costly servers and software.
As the number of corporate cyber attacks grow, businesses will increasingly turn to virtual data rooms to conduct their most confidential business transactions.
About the Author: Firmex is a cloud-based virtual data room service provider that facilitates secure document sharing across corporate firewalls. Our data rooms are used for highly confidential transactions seen with M&A, Corporate Finance, and Procurement, as well as Regulatory compliance and Governance processes. To learn more about the security benefits of a virtual data room, visit Firmex.