A secure data room for business is a cloud-based service specifically designed for the secure sharing of confidential documents and files for business. They are utilized in the due diligence phase of an acquisition. They offer a variety of features, such as advanced permissions and Q&A tools, bookmarks and notes and multi-factor authentication. They are accessible from anywhere on the planet using any device that is connected to the internet. This makes them especially useful for teams working remotely, from home or at the office.
Some «secure data rooms» create a big jingle and dance about the security of their system with phrases such as’most secure virtual data room’ or a highly secure data room’, but the reality is that these systems aren’t any more secure than tools like Dropbox or Google Drive which simply use encryption to safeguard data in transit and do not ensure that temporary files are erased once they’ve served their purpose. It’s like a food manufacturer focussing on the health benefits of their cereal bar is due to the fact that it contains 0% fat but not bothering to mention that it is also 80 sugar-free, or a house developer claiming a certificate of fire for their timber cladding even though the building is in fact 12 feet away from the nearest river.
Firmex VDRs are easy to use, affordable and backed by 24×7 support and are trusted by over 120,000 businesses to manage mission-critical processes during deals, audits, litigation and procurement projects with billions of dollars at stake. Learn more about the vdrlabs.info/firmex-data-room-and-security/ ways our Virtual Data Rooms can assist your business by contacting us now.
