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 provide the same level of security that data rooms provide. They lack the features required to transfer sensitive business documents, such as watermarking, auditing, and permission settings. This is a major issue especially during M&A processes when a single leak could cost the deal and your company’s reputation.

You need to use a virtual data room to safeguard your personal information. Firmex is a trusted platform that offers solutions for the investment banking, government, biotech, energy, and legal sectors. Firmex uses 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 options, such as dynamic watermarks and lock-down files. Document expiration is also available to guard against data breaches.

Another good VDR is Box which is a cloud storage solution that is able to support bidding, M&A, and contract negotiations. It comes with bank-level encryption during transit and in rest, and permits users to personalize the data room experience by adding your own branding. It also provides high-quality previews for 30+ types of files and extensive activity tracking. It also comes with a variety of integrations that make it simple to share content.