How to Protect Your Confidential Documents With Data Room Software Safety

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Free file-sharing apps like Google Drive or Dropbox are excellent for sharing files with small groups but they don't provide the same level security that data rooms offer. They do not come with the permission settings as well as auditing capabilities, watermarking, and other options that you need when transferring sensitive business documents. This is a serious problem especially in M&A transactions when a single leak could be detrimental to the deal as well as to your company's image.

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

Box is another excellent VDR. It's cloud-based storage that allows M&A and contract negotiations. It offers bank-level encryption both during transit and in rest, and permits you to personalize the data room experience by adding your own branding. It also has high-quality previews for 30+ kinds of files, as well as a extensive activity tracking. It also provides a range of ways to share content.


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