In the fast-paced world of biotech advancements, secure file sharing and data protection is of paramount importance. The sharing of sensitive information between research teams, partners, and investors is the backbone of innovation in this industry.
However, the rising threats of data breaches and cyber-attacks have made adopting robust data security measures crucial.
The Current State of Data Security in Biotech
Data breaches have become an alarming concern for the biotech industry. Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next three years, reaching $8 trillion USD globally this year and $10.5 trillion annually by 2025, up from $3 trillion in 2015.
The healthcare sector, including biotech companies, remains one of the most targeted industries. The loss of valuable intellectual property and sensitive patient information poses significant risks to the growth and reputation of biotech organizations.
Industry Leaders Recognize the Need for Stronger Data Security
Prominent leaders within the biotech industry have acknowledged the urgency to fortify data security.
"In biotechnology, the data we handle is invaluable, and its protection is paramount. As CEO of a leading biotech firm, I advocate for a culture of security to ensure that our innovations remain secure and our patients' trust unwavering."
John Mitchell, CEO of GeneHealth Solutions
"As a pioneer in the biotech industry, I understand that data security is not just about protecting research and intellectual property; it's about safeguarding the potential to transform lives through groundbreaking discoveries."
Dr. Elizabeth Foster, Chief Scientific Officer of BioGenetix Labs
"As the Director of Biomedical Research at a renowned institute, I advocate for a comprehensive data security strategy. Our collaborative efforts in the scientific community must be protected from cyber threats to preserve the integrity of our research."
Dr. Jonathan Harris, Director of Biomedical Research at LifeScience Institute
Secure File Sharing By Sharevault: A Game-Changer for Biotech Data Security
Sharevault, a pioneer in secure document sharing, has introduced a state-of-the-art data secure file sharing solution tailored to the specific needs of the biotech industry.
Their virtual data room is designed to address the unique challenges faced by biotech companies when it comes to data storage and sharing. It ensures that sensitive information remains protected throughout its lifecycle, from collaboration and due diligence to post-deal integration.
Key Security Features of Sharevault
Advanced Encryption
Sharevault employs robust encryption protocols to safeguard data from unauthorized access during transit and storage. Files at rest are encrypted with AES-256. File connections are via HTTPS over Secure Sockets Layer (SSL), providing AES-256 encryption in transit
Dynamic Watermarking
The innovative dynamic watermarking feature enables biotech organizations to identify the source of a leaked document, acting as a powerful deterrent to potential data breaches. Watermarks are clearly visible, applied diagonally across the page or screen, yet do not interfere with the readability of the underlying text. The watermark text is customizable, and you can embed the following dynamic information:
- User's email address
- User's IP address (only with ShareVault Pro and ShareVault Enterprise)
- Current date
- Current time
Granular Access Control
Sharevault provides granular access control, allowing organizations to limit access to sensitive information based on user roles and permissions.
Activity Monitoring
Sharevault tracks all user activities within the virtual data room, providing real-time insights into document views, downloads, and interactions, thus enabling swift responses to any suspicious behavior.
Secure Mobile Access
Biotech professionals can securely access their virtual data rooms using Sharevault.com's mobile app, ensuring seamless collaboration while maintaining data security.
Two-Factor Authentication (2FA)
Sharevault implements 2FA to add an extra layer of protection, ensuring that only authorized users can access critical data.
Secure File Sharing Made Simple
ShareVault's administrators have the flexibility to create and name master document folders, efficiently categorizing the files. To avoid duplication and unnecessary clutter, certain documents may have relevance across multiple folders. ShareVault tackles this challenge with its unique "hierarchical tags" feature.
By combining a hashtag with the document name, a link is established to the original document, eliminating the need for multiple folder placements. This time-saving and storage-efficient feature is exclusive to ShareVault, enhancing document management.
Easy Access with "Favorites"
Another time-saving feature offered by ShareVault is the "Favorites" tag. Users can tag documents that require frequent access for revision or review purposes. This allows for quick and easy retrieval of important files, streamlining the workflow.
Efficient Keyword Search
ShareVault boasts a robust search tool that enables users to perform keyword searches sorted by relevance. Search results are presented with concise synopses, providing context on how the searched keyword(s) are used in the documents.
Additionally, users can apply filters to refine their searches based on parameters such as recent activity, read/unread status, published by, and file type.
Real-Time Monitoring
In the biotech industry, monitoring is a critical aspect, overseen by senior management and regulatory agencies. ShareVault's monitoring tools offer real-time updates and intricate details. Administrators can access precise information, including specific pages viewed, the name of the user accessing the document, and the time spent on each file.
This monitoring capability extends to video and audio files as well, allowing for the same level of comprehensive oversight. For regulatory reviews, ShareVault simplifies the process by enabling the VDR (Virtual Data Room) administrator to generate a detailed audit report with just a single click.
ShareVault also features Collabloop, a document editing tool expressly designed to facilitate the redlining process for final reports, due diligence documents, contracts or regulatory submissions.
Conclusion
Biotech advancements are shaping the future of healthcare, and data security plays a pivotal role in this journey. With the increasing threats of data breaches, biotech organizations need to adopt robust secure file-sharing solutions. Sharevault is a cutting-edge solution designed to safeguard sensitive information and intellectual property throughout its lifecycle.
By using Sharevault, biotech companies can confidently collaborate with research teams, partners, and investors while maintaining the highest level of data security. Embracing innovative technologies like Sharevault will undoubtedly drive the industry forward, unlocking new possibilities for transformative biotech breakthroughs.
For more information about secure file sharing and Sharevault's data security solutions, you can read more here.