How to Protect Your Confidential Documents With Data Room Software Safety

Free file-sharing software such as Google Drive or Dropbox are excellent for sharing files with small groups, but they don’t offer the same level security that data rooms provide. They lack the features you require to transfer sensitive business documents, such as watermarking, auditing and authorization settings. This is a major issue, particularly during M&A transactions when a single leak could be detrimental to the deal and also to your company’s image.

If you’re looking to secure your private documents then you should choose a trustworthy virtual data room (VDR). Firmex is a trusted platform which provides solutions to the government, investment banking, biotech, energy, and legal industries. Firmex employs multi-layered encryption when storage and transfer of data, and has multiple servers for disaster recovery. It also offers document control and DRM, such as dynamic watermarks, lock-down files, and document expire to prevent data breaches.

Box is another excellent VDR. It’s cloud-based storage service that allows M&A and contract negotiations. It is encrypted at bank level during transit and in rest, and allows users to personalize the data room experience with your own branding. It also provides high-quality previews of 30+ file types, and extensive activity tracking. It also has a variety of integrations that make it simple to share content.

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