A secure data room is a cloud-based system that allows for the safe sharing of sensitive documents and files. They are utilized during the due diligence stage of a deal. They offer a wide range of features, such as advanced permissions and Q&A tools, notes and bookmarks and multi-factor authentication. They can be accessed from anywhere in the world via any device connected to the internet so are particularly useful for teams working remotely or working from home, or on the move.

Secure datarooms make a big fuss about the security of their systems using phrases such as ‘the most secure virtual room’ or a ‘highly secure dataroom’. But in reality, these systems are no safer than programs like Dropbox or Google Drive which use encryption to safeguard the data at rest, but don’t delete temporary files once they have served their purposes. It’s like the makers of cereal bars claiming its health benefits as it’s a 0% fat, but not mentioning that it also contains 80percent sugar. Or a housing developer who claims to have a fire-proof certificate for their timber cladding that the building is located vdrlabs.info/firmex-data-room-and-security/ 12 feet from the closest river.

Firmex VDRs are easy to use, inexpensive and supported by 24/7 support and are trusted by over 120,000 companies to run vital processes during transactions, audits, litigation and procurement projects with billions of dollars at stake. Learn more about the ways our Virtual Data Rooms can help your business by getting in touch now.