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Protecting Sensitive Data in Data Room

Many businesses utilize data rooms to share sensitive documents with clients and partners. They are typically used to assist due diligence during deals and can also be used for other reasons, such as internal audits. The sensitive information that is shared in a data room can include things like customer records, patents, financial details and other documents of a business that are highly confidential.

With so much sensitive data transferred through unsecure channels, it’s important to discover ways to protect it. It is important to protect files from being copied, or pasted without the author’s consent. This could be a challenge for businesses that rely on their intellectual property to generate revenue. This risk can be mitigated by utilizing virtual datarooms with control of the file level for DRM.

For instance, if fictional company Y2B Computers had used a data room to share their design specifications with production companies to make laptops and laptops, they would have been able to keep control of the technology and price at which they were selling. Since Y2B didn’t use a dataroom to share its info with production firms, a different company decided they would build their own laptop. Within a short time their knockoff was appearing on the shelves of stores and costing consumers a fraction of what Y2B was charging for their original design.

Virtual data rooms are becoming increasingly popular as a method for companies to protect their information. These are websites which allow users to upload and access private documents. Some even have features like the ability to customize permissions and audit logs that record who’s accessed what, at what time and date.

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