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How to Protect Your Confidential Documents With Data Room Software Safety

Free file-sharing applications like Google Drive or Dropbox are excellent for sharing files with small groups but they do not offer the same level of security data rooms do. In reality, they don’t have the permission settings as well as auditing capabilities, watermarking, and other options that you require when sharing sensitive documents for business. This is a major issue, especially during M&A processes, when even a small leak could be costly for the deal and your business’s reputation.

If you’re looking to secure your private data then you should choose an authentic virtual data room (VDR). Firmex provides solutions for investment banking biotech, government, energy and legal sectors, and is one of the most known and trusted platforms in the field. 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 great VDR is Box Cloud Storage, a cloud-based solution that supports bidding, M&A, and contract negotiations. It is able to provide bank-level security both in transit and when the data is at rest. You can also personalize your data room with your own brand. It also offers high-quality previews of 30+ types of files, as well as extensive activity tracking. It also comes with a variety of options that make it easy to share content.