The article highlights the importance of virtual data rooms (VDRs) in securing sensitive documents, particularly for high-stakes transactions such as mergers and acquisitions, IPOs, and regulatory filings. VDRs provide a controlled environment for managing sensitive information, ensuring confidentiality, compliance with security standards, and real-time collaboration among stakeholders. With 73% increase in ransomware attacks in 2023, businesses need to protect their financials, legal documents, and intellectual property from unauthorized access and leaks. VDRs offer features such as end-to-end encryption, granular access control, AI-powered search, version control, redaction, and watermarking, which help reduce the risk of data breaches and compliance risks. By selecting the right VDR that meets their industry regulations, usability needs, and cost requirements, businesses can ensure secure document sharing and protect sensitive information from unauthorized access.