A secure data room is a web-based application that permits easy and fast uploading of files to be shared, viewed and downloaded by authorized recipients. Companies use it to share important documents with a wide number stakeholders for due diligence, compliance and litigation, corporate transactions, and the raising of funds. As opposed to tools like Google Drive or Dropbox, secured data rooms have numerous features to guard against the unauthorized access and use of confidential business data by third parties.
The most common cloud-based secure data rooms offer bulk uploads by drag-and-drop as well as a powerful search function that includes full-text search capabilities and a numbered index of all uploaded files, and dynamic watermarking which links the name of an authorized user to all viewed images or printouts. Advanced systems, such as CapLinked, offer additional features to safeguard data privacy. FileProtect, an exclusive DRM from CapLinked that blacks out sensitive parts of the document in the form of a “fence-view” to prevent screen shots.
While a secure information room can be more expensive than other tools, such as Google Drive or Dropbox, the costs associated with using a generic file-sharing platform to share confidential business information https://fishdataroom.com/the-best-virtual-data-rooms/ are often much greater. The risk of stealing confidential information are huge and include fines, lawsuits and loss of brand reputation. A secure data room that is properly equipped can be the difference between a successful and a bad deal. Set up a private demo to find out more about how a secure and safe dataroom can help you meet all of your requirements.
