DRM stands for Digital Rights Management. It is a way for developers or publishers to exert some control over their product once it's been purchased by a consumer. Steam, SecuROM, and Disc Checks are all methods of DRM.

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Are the Steam region locks backwards compatible? Are there any workarounds?

Just recently, there has been an update to Steam's region locking, which affects gifting where games that are region locked can be activated on accounts outside the countries it is locked to, but ...