How to Protect Your Confidential Documents With Data Room Software Safety

Although free file-sharing services like Google Drive and Dropbox may be good to share files with small groups, they don’t offer the same level of security dedicated data rooms do. The fact is, they do not come with the permission settings as well as auditing capabilities, watermarking, and other options that you require when sharing sensitive business documents. This is a serious problem especially in M&A transactions, where a single leak could cost the deal and your company’s image.

If you want to protect your private documents you must choose a trustworthy virtual data room (VDR). Firmex is an established platform that provides solutions for the government, investment banking, biotech, energy, and legal sectors. Firmex employs multi-layered encryption for transferring and storing information, and has multiple servers in various locations to ensure disaster recovery. It also offers dataroomanalytics.net/advantages-and-disadvantages-of-buying-an-existing-business/ document control and DRM, such as dynamic watermarks and lock-down files as well as expiration dates to protect against data breaches.

Another great VDR is Box Cloud, a cloud-based storage solution that can be used for bidding, M&A, and contract negotiations. It provides bank-level encryption both in transit and when data is stored. You can also personalize your data room by adding your own branding. It also provides high-quality previews of 30+ kinds of files, as well as a an extensive activity tracking. It also offers a variety of integrations that make it easy to share content.