Virtual Data Rooms = Real Eyestrain?
Posted on July 14th, 2008 by David Bannister
Killing time with a corporate M&A lawyer over the weekend, the ritual trawl for a subject of mutual interest threw up the topic of Virtual Data Rooms, on which we carried a feature in the June issue. He wasn’t a big fan, having used them several times.
The point of VDRs is that teams of corporate M&A lawyers don’t have to fly around the planet, so I assumed that it was the reduction in expense-account travel that put him off. “No,” he said. “It’s because you have to proof-read everything on-screen, and we’re getting worried that sooner or later one of the staff will sue for damage to their eyesight.”
Filed under: Technology
The real issue is security. Despite what they claim, there have been breaches on the fault of the vendors.
What kind of security breaches have the vendors been guilty of?