Losing private data affects a person in many ways. But what if corporate data will be stolen? In that case, losses might reach millions of dollars and may also affect millions of people. Keeping your data safe is vital for business and knowing how hackers steal your data is a must. 

In this article, we talk about data hacking and ways how your business can prevent information leakage by using security virtual data rooms

data protection from hackers with vdr

How do hackers steal your corporate data

The most profitable types of data are credit card information, personal ID, passwords to social media accounts, email, government files, and medical ID. 

What do the hackers do with your data? All information are high-valuable, but, unfortunately, the private information can be sold in the black market for $1. Here are the most common reasons why hackers dare to break the law and steal your data:

  • Selling it on the dark web
  • Taking the data for ransom
  • Taking the data to break your reputation with the notoriety of sensitive information
  • Hacking on political grounds
  • Hacking just to prove they can
  • Stealing data to reduce the company’s value on the stock market
  • Stealing information about your employee, work processes, and products
  • Stealing credit card data to pay their bills with other people’s money
  • Stealing medical ID to pay for their health care at other people’s expense
  • Obtaining corporate or personal secrets

Here are the methods hackers have been using for years already:

  • By using an unsecured public Wi-Fi connection. That’s why sharing sensitive corporate data via a cafe’s Wi-Fi may be risky. There’s also a possibility of coming across a “honeypot” Wi-Fi spot. This is a hackers’ trap made specifically to steal your data right from your hands.
  • By cracking weak passwords. Don’t use real words and their combinations, as in that case, your passwords might be hacked by a guessing method or by a dictionary attack.
  • By social engineering attacks. Villains use psychological techniques to make you tell them all the needed information on your own.
  • By stealing your cookies. All they need for this is a Firesheep extension. It looks for cookies sent with an unsecured network and creates a list. Then, hackers tap on the cookie link and log into the website from your account.
  • By a man-in-the-middle attack. It means that the evildoer enters into a private online communication process, takes control of the sending-receiving process, and imitates the dialogue between two victims.
  • By using malware. Such software and hardware as keyloggers, trojans, viruses, and spyware helps hackers to get access to your computer.
  • By non-technical methods. Unfortunately, banal spying, eavesdropping, shoulder surfing, and gaining your trust is still popular.
  • By phishing method. Hackers use deceptive e-mails or websites to gather personal or sensitive information.

How the loss of personal and corporate data can impact you

It might negatively affect your credit story or drain your bank account. If a hacker got access to your bank account, it’s almost impossible to prove you didn’t get any money transfer or didn’t get a loan in the bank.

Unfortunately, it can cost you your job. If you are responsible to save any delicate or important information, it might be vital for your employment due to losses the company incurs.

Loss of an employee’s personal data can provoke legal actions. Any individual employee could have the same expenses as a corporation gets after information leakage.

Corporate data can get into the darknet. It includes the description of the company’s processes, contact list, financial, audit, and legal information.

How to protect your data by using a secure virtual data room

The best way to fight the effects of hacking is to prevent them. The highest security for corporate information is provided by virtual data rooms. Virtual data rooms secure almost all types of sensitive corporate and personal data:

  • Chats
  • Shared docs
  • Cookies
  • Stored docs
  • Records of board meetings
  • All the information was mentioned via using a virtual data room

Electronic data room security is higher in VDRs than in physical data storage. 

VDR vs traditional data rooms

The table below shows the difference between VDR’s and traditional cloud service’s security level. 

FeaturesiDealsGmailDropboxGoogle Drive
Registration of the action performed
Watermarking
FTPS, FTPES, SFTP security
24/7 access
2-step authentication
AES 256-bit encryption SSL
Dynamic password system
Fenced view
Checking of users’ IP, device, and location they log in with
Document’s storage
Remote deleting of sent documents

iDeals data room security features for keeping data safe

What makes the security virtual data room secure?  Well, that’s quite a question. A data room should offer a full suite of protection features and encryption mechanisms as well as some security standards and compliances.

iDeals is a good option to consider in this regard. See the list of some of its features below:

  • Zero possibility to missend the information
  • ISO/IES 27000 family of standards
  • Safe Harbor’s International privacy practices Compliance 
  • GDPR Compliance
  • HIPAA Compliance
  • PCI DSS 
  • DLP
  • SOC 1/2
  • TIS Protocol
  • AES 256-bit encryption SSL
  • 2-factor authentication system 
  • Secure browser connection (https://)
  • FTPS, FTPES, SFTP
  • SSO integration
  • Data residency requirements support
  • Record/log of action performed
  • Audit records
  • Safe storage of documents
  • Long-distance collaboration
  • Visibility at all stages of the deal
  • Custom NDA
  • Fenced view
  • Remote wiping and shredding
  • No fingerprints
  • The possibility of checking the IP, device, and location that the user logs in with

What else you can do to keep your data safe

Use this checklist to make sure your data is protected from hackers’ attacks:

Try to hide your notes with passwords carefully. Leaving it on your desk or near it looks like an open door for somebody interested in your data. A safe is a good option if you have one. If you don’t, iDeals data room provides top security for your data.

Create a new strong password every time. The same password for different accounts gives access to all of them just by cracking one service. 

Always leave your phone blocked. It prevents spying, making screen’s photos, or changing phone passwords by others.

Develop a healthy little paranoia. There’s nothing embarrassing in making phone backups, not living your devices unattended, or using a guest account on a friend’s computer.

Be careful with somebody who asks for information only you have to know. Keep in mind your right not to tell your passwords, ID, email, bank account data, and other information to strangers, even if they insist on it. 

Avoid installing unlicensed software. It can bring viruses to your devices. 
If you received a strange message from your family member or a friend, contact this person with his or her other phone number, if possible. Also, don’t open the links from this message.