Australia saw 13,687 cyber crimes between April and June this year, according to ACORN, where 52% of cyber crimes reported were for fraud.
We're told this comprehensive suite of functions "has not been offered under one umbrella on a single platform until now", with the company stating it "provides unparalleled confidence in security of business-critical data, documentation and intellectual property".
The Shield Docs’ unified data protection platform "provides users with layered security, enhanced productivity and intelligence features which offer an intuitive mix of secure file sharing and collaboration, virtual data room, document management and data protection capabilities".
So, who is Shield Docs?
The company says it is "the evolution of well-established data-room solution company DealDocs, which has been a prominent player in the legal, banking and finance space since 2014. The company is headed by Michael Khoury who is also the Forensic IT partner at Ferrier Hodgson, one of the largest specialist corporate turnaround and advisory firms in the Asia Pacific".
Shield Docs chief executive and founder Michael Khoury said: "Shield Docs delivers dedicated solutions to support a broader range of business functions so that decision makers can access and utilise critical files and data sets without compromising security or business process efficiency.
“The advent of cloud, BYOD and mobile device technology has only enhanced these opportunities and risks. As security concerns plague businesses across the board it is essential that they establish and maintain effective oversight of valuable organisational data, that is what Shield Docs delivers in a variety of situations."
Khoury presently also heads the Forensic IT practice of Ferrier Hodgson, and is "retained by a number of firms and commercial clients to undertake sensitive and high-profile computer forensic assignments including Foreign Corruption related investigations across Asia".
Shield Docs explained it "offers users full control over who has access to their data and when that access is allowed. These controls are combined with business process-enhancing workflows and in-built analytical features to create a platform that operates comfortably and adroitly between security and efficiency".
“Shield Docs has been developed from the DealDocs offering, to provide a holistic solution, not just in the transaction space, but also in procurement, property management, board communications and much more,” Khoury explained.
“With the increased functionality capable of adapting to a variety of industries and markets, as well as our economical monthly subscription option, we will be replacing DealDocs with the more versatile and secure Shield Docs.”
Shield Docs also offers an "Enterprise Licensing program which is aimed at larger corporates and charged on a per workspace basis for unlimited number of users (paid annually in advance with a 10-workspace minimum)".
As you'd expect, the company said it is "ideal for confidential business transactions including mergers and acquisitions, and due diligence processes, as well as facilitating tenders, board papers, start-up documents and IP, property transactions, capital and debt raising, procurement processes, franchise data, and more.
“With the growing reliance on online document transmission in everyday business dealings, Shield Docs provides users with the security of knowing their sensitive business documents can only be accessed by those who are authorised, and the data is safe from unauthorised prying eyes,” Khoury said.