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Just click the blue plus sign, add files (you can also add a folder), enter both your recipient’s email address (you can add up to 20) and your email address, input a short message, and click Transfer. So, is WeTransfer safe? In short, it does not measure up.Īn attractive feature of WeTransfer, at least for consumers or one-time users, is its lack of friction and near-anonymity: there is no need to create an account, enter credit card information, verify an identity or the like.

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Therefore enterprise, financial and legal professionals - and those that support them - need to more closely scrutinize WeTransfer as a potential provider to host the documents needed during a complex transaction. However, security needs to be a central issue when selecting a vendor.

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WeTransfer has emerged as a simple, lightweight solution for sharing large-size files over the web (up to 2GB per file) for free. Cloud hosting providers abound, as providing document hosting has become a standard feature even in regular, everyday productivity tools (i.e., Google Docs for regular Google accounts). While this process has largely moved online, selecting a platform that enables individuals to access and share documents securely remains a challenge.

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Sensitive business operations like private equity transactions or M&As often require enhanced due diligence, a process in which dozens of professionals review hundreds of pages of documents in order to help buyers size up companies, and vice versa.










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