A secure data room for business is a cloud-based solution specifically designed for the secure sharing of confidential documents and files for business. They are used to aid in the due diligence phase of the negotiation process and offer an array of options, including advanced permissions, Q&A tool, bookmarks and notes with watermarking and multi-factor authentication to restrict access and ensure that only those who are authorized to access the data do so. They can be accessed from http://www.vdrlabs.info any location in the world using any device that is connected to the internet. This makes them particularly useful for teams working remotely, whether at home or in the office.
Some “secure data rooms” have a huge song and dance about the security of their system using phrases like ‘the most secure virtual data room’ or ‘highly secure data rooms’ but the truth is that they aren’t any more secure than tools like Dropbox or Google Drive which rely on encryption to protect data in transit and do not ensure that temporary files are removed after they have served their purpose. It’s like a cereal bar manufacturer touting its health benefits because it is a low fat product however they don’t mention that it also contains 80percent sugar. Or a developer of housing who claims to have a fire-proof certificate for their timber cladding even when the building is just 12 feet away from the nearest river.
Firmex VDRs have been trusted by more than 120,000 companies for their essential processes in deals, audits and litigation, as well as procurement projects, with billions of dollars at stake. Contact us today to find out more about our Virtual Data Rooms and how they could help your business.
