However, it wasn’t revealed until 2016 that the Dropbox leak also included passwords. The next incident occurred in 2012, when a hacked Dropbox leaked emails and passwords of more than 68 million users, reported. In 2011, an error allowed anyone to access any Dropbox with only the original user’s email address. But, in its history, Dropbox has been hacked a concerning number of times. Like many websites, Dropbox uses AES 256-bit data encryption for stored data and AES 128-bit encryption for data in transit. But that doesn’t necessarily mean it’s the best choice for your enterprise-level file-sharing needs, especially when it comes to M&A due diligence reports and other proprietary information requiring maximum security.
Certainly, Dropbox is a well-known platform and a market leader in file storage and sharing. If you’re launching the due diligence process for your firm’s next (or first) acquisition, or are tasked with finding ways to share sensitive information within or outside your company, you may be wondering: Is Dropbox secure?Ĭhances are, you’ve evaluated multiple file-sharing platforms.
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