How to Protect Your Confidential Documents With Data Room Software Safety


How to Protect Your Confidential Documents With Data Room Software Safety

While free file-sharing tools like Google Drive and Dropbox may be great for sharing files among small groups, they do not offer the same level of security that dedicated data rooms offer. The fact is, they don’t have the permission settings or auditing capabilities, as well as watermarking, and other features which are essential when you transfer sensitive business documents. This is a major problem particularly during M&A processes when a single leak can be costly for the deal and your company’s reputation.

If you want to protect your private documents you must choose a reliable 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 when transfer and storing data and has multiple server locations for disaster recovery. It also provides document control and DRM, such as dynamic watermarks, lock-down files and document expire to prevent data breaches.

Another excellent VDR is Box which is a cloud storage solution that can be used for bidding, M&A, and contract negotiations. It comes with bank-level encryption in transit and at rest, and permits you to personalize the data room experience using your own brand. It also offers high-quality previews of more than 30 types of data, as well as an extensive activity tracking. It also comes with a wide variety of integrations to make it easier to share content with colleagues.

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