A data room enables companies to safely exchange confidential information outside the organization. It can also be used to manage strategic transactions, such as M&A due diligence. It supports internal collaboration, project management and is a flexible tool that can be used for a variety of business applications. However, when choosing the best data room service, it is important to consider the security features offered by every provider. In this article, we review the security features of leading data room providers and provide suggestions on how you can select a dataroom that is secure for your business.
The best data rooms have access rights that are granular, ensuring that only authorized users have access to view and print documents. Multi-factor authentication is also a feature to limit the possibility of hackers gaining access your data. Administrators can also limit access to certain IP addresses, and set a limit on how long files can be looked at.
Many users look for a search engine that is robust in the dataroom. The best providers let you search through tags, labels, folders, and optical character recognition. They can also create an index of data rooms that is numbered and auto-index files, assisting to automatically organize files.
The best data rooms have a number of reporting tools as well as other features that can help keep everyone informed about the status of projects. Some of these include dynamic watermarking to stop duplicates and sharing without permission and activity reports detailing who downloaded and viewed files, when they were viewed and for how long.