What Is a Secure Data Room?

A secure data room is a solution in the cloud designed specifically for the storing and sharing of confidential business data. It is frequently utilized in M&A due diligence, IPOs, litigation, fundraising, and other document-based processes. It provides a higher degree of security than online file sharing services. The server space used click for more info is encrypted, which blocks hackers from accessing the content Many also offer features like granular access such as search functionality, customizable NDAs as well as a Q&A feature with personal watermarking and multi-factor authentication.

These features do not stop authorized users from making copies of the files they have access to, and sharing them with others. This can be done quite easily. These services do not provide a link to identify the source for unauthorized distribution.

It’s the reason companies looking for an improved method to share and store files should consider a virtual storage room (VDR). VDRs offer a higher degree of security than email, Google Drive, and Dropbox. They do this through advanced encryption, tracking features and other security features that make it difficult for users to copy and distribute protected files. This is a dynamic watermarking system that adds unique identifiers to each file, such as the recipient’s email address and IP address to discourage sharing that is not authorized. In addition, a reliable data room such as Digify can automatically track which documents are viewed by whom, how frequently and for how long.

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