Data Room Confidential Mode

Data room confidential mode allows the administrator of a virtual data room restrict the use of a VDR by a particular user based on his IP address or device type. It is an excellent tool for M&A transactions as well as other delicate business ventures.

A good service provider will provide the user to have granular rights settings and two-factor authentication. They will also have remote shred that avast deleted steam.exe erases files downloaded after administrators have removed access. They will also be able to handle most popular file formats, including PDFs and XLSXs. The most reliable providers can put watermarks to files that users download, which can deter people from sharing copies of the files online. They can set an expiration date on files that are downloaded to stop unauthorised downloads.

Other useful tools include redaction that enables the administrator to remove (black out) fragments of text or certain areas of a text from the view of authorized users. This is crucial because it shields sensitive business data as well as personally identifiable information from hackers. The most trusted VDR providers can redact PDF, doc, docx, txt, ppt, pptx images, jpgs and gifs as well as Q&A files.

Some providers let users print documents that automatically include a “watermark” and download the original version. A good service will offer a question-and-answer function which allows users to discuss files in the dataroom and keep answers in an easily searchable database. This can be invaluable for M&A deals as well as any due diligence project.