How to Protect Your Confidential Documents With Data Room Software Safety

Free file-sharing programs like Google Drive or Dropbox are great for sharing files in small groups, but they don’t provide the same level security that data rooms offer. They don’t have the features needed to transfer sensitive business documents, such as watermarking, auditing and authorization settings. This is a major issue especially during M&A processes, when even a small leak can be very costly for the deal and for your company’s reputation.

If you want to protect your confidential documents, you need to choose a trusted virtual data room (VDR). Firmex is a trusted platform that offers solutions for the investment banking, government biotech, energy and legal sectors. Firmex uses multi-layered encryption to transfer and store information, and has multiple servers spread across different locations to ensure disaster recovery. It also provides document control and DRM features, like dynamic watermarks, lock-down files and even lock-downs. Document expiration is also a feature to protect against data breaches.

Another excellent VDR is Box Cloud, a cloud-based storage solution that can be used for bidding, M&A, and contract negotiations. It comes with bank-level encryption during transit and in rest, and permits you to personalize your data room experience with your own branding. It also provides high-quality previews for 30+ file types, and robust activity tracking. It also offers a variety of integrations that make it simple to share content.

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