How to Protect Your Confidential Documents With Data Room Software Safety

Free file-sharing apps like Google Drive or Dropbox are great for sharing files in small groups, but they do not offer the same level of security data rooms do. They don’t have the permission settings as well as auditing capabilities, watermarking and other features that are required when you transfer sensitive business documents. This is a serious issue particularly during M&A processes when a single leak could cost the deal as well as your company’s reputation.

If you’re looking for a way to secure your private documents you must choose an authentic virtual data room (VDR). Firmex is an established platform that provides solutions to the government, investment banking, biotech, energy, and legal industries. It uses multi-layered data encryption for transferring and storing information, and has multiple servers in different locations to ensure disaster recovery. It also provides document control and DRM such as dynamic watermarks and lock-down files as well as document expiration to avoid data breaches.

Another great VDR is Box Cloud Storage, a cloud-based solution that can be used for bidding, M&A, and contract negotiations. It is encrypted at bank level in transit and at rest, and permits you to personalize the data room experience using your own branding. It also offers high-quality previews of 30+ types of files, as well as extensive activity tracking. It also offers a variety of ways to share content.

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