A secure dataroom is a web-based tool that allows documents to be uploaded quickly and easily. They can then be opened by authorized users and shared with them or downloaded. Companies use it to share important documents to a vast number of stakeholders to ensure due diligence, compliance, corporate transactions, litigation and fundraising. As opposed to tools like Google Drive or Dropbox, a secure data room provides multiple features that defend against unauthorized access and misuse of confidential business information by third parties.

Cloud-based secure datarooms typically provide drag-and-drop bulk-uploads, a powerful full-text search feature, a number-coded list of all uploaded files, as well as dynamic watermarking, which connects the name of an authorized user to all viewed or printed images. Advanced systems, such as CapLinked, include additional functionality to safeguard data privacy. For instance, FileProtect is a proprietary DRM solution from CapLinked that blocks sensitive areas of the document using the use of a “fence view” to prevent screenshots and further dissemination.

While a secure information room could cost more than other tools like Google Drive or Dropbox, the costs associated with using a generic file-sharing platform for sharing confidential business information could be significantly higher. Inappropriate use of confidential information can result in lawsuits, fines, and reputational https://fishdataroom.com/the-best-virtual-data-rooms/ damage. A well-equipped secure data room can give a professional first impression and can decide the success or failure of the terms of a deal. Set up a private demo to learn more about the ways a secure dataroom can assist you in meeting your needs.

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