How to Protect Your Confidential Documents With Data Room Software Safety

Free file-sharing software such as Google Drive or Dropbox are ideal for sharing files in small groups but they do not offer the same level security that data rooms do. They don’t have the features you need to transfer sensitive documents for business, like auditing, watermarking and permission settings. This is a serious problem, particularly during M&A transactions where a single leak could be detrimental to the deal and to the image of your business.

You should make use of a virtual data room to safeguard your private information. Firmex is an established platform that provides solutions for the government, investment banking biotech, energy, and legal industries. Firmex employs multi-layered encryption for transferring and storing information, and has multiple servers spread across different locations to ensure disaster recovery. It also provides document control and DRM features, like dynamic watermarks and lock-down of files. Document expiration is also an option to prevent data breaches.

Box is a different good VDR. It’s cloud-based storage service that can be used to support M&A and contract negotiations. It is encrypted at bank level during transit and in rest, and permits you to personalize the data room experience with your own brand. It also provides high-quality previews of 30+ types of data, as well as robust activity tracking. It also has a wide range of integrations to facilitate sharing content with colleagues.

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