opendataroom.net/how-to-zip-a-file-and-password-protect-it/
Cloud storage apps and free file sharing services are great for sharing files, however they aren’t secure enough and don’t have the access rights required for sensitive data exchanges like M&A due-diligence and capital raising. These tools also lack the professional first impression required to impress LPs as well as acquirers, investors and LPs and they don’t offer the flexibility of dedicated data rooms.
While the price barrier for premium software for virtual data room may seem high but it’s well worth the investment to ensure that your private files are safe throughout every transaction. SMEs can save money by using a VDR. Meanwhile, large corporations employ premium features for M&A due diligence or capital raising.
Selecting the VDR provider that provides extensive security measures ensures that your data is secure from physical and cyber threats even after the project has been completed. Data rooms that have fence view options allow administrators to remotely lock or erase data from lost or stolen devices. Physical data centers are also protected by surveillance 24/7 and access rules.
Furthermore, a majority of VDR providers offer advanced customer support that can answer questions and help users set up the solution. The majority of vendors provide email support, however some offer concierge services. Many vendors permit you to alter your UI Terms and Conditions, and other visual elements in order to align them with your brand. This makes it easier for all stakeholders to understand and follow the rules during the data exchange.
