Data Room Password Tips

I often find myself adrift in a sea of data room passwords.  Not only am I remembering each unique deal name but also each deal data room and corresponding unique password.

Here are some practical tips for data room passwords:

Keep Personal and Professional Separate

The natural tendency is to use the same password for everything. That is not a good idea. It’s also not a good idea to use the same password for data rooms and personal sites. You may have to give your password to your assistant to print documents and you may not want him/her to know your personal business.

Let Your Browser Be

Many data room sites do not allow for a browser to save passwords and remember identities for easy login. It may be painful to remember all those passwords, but it’s more painful to explain to clients failure to protect their corporate information.

Don’t Sweat It

The Forgot Password button is there for a reason. Just don’t forget the answers to the secret questions.

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