Data security is the protection of digital data, like those stored in databases, from destructive forces, and unwanted actions of unauthorized users. Examples include a cyberattack, or a data breach. It also includes preventing unauthorized access by maintaining secure practices and technology for data security.
VDRs are the best method to share documents and collaborate on projects. They give you granular control over access to limit the ability of users to download or print documents, as well as copy them. Access can be revoked if a certain period of time has expired. In addition, many VDRs offer features to scan for malware and encrypt document contents. This makes it very difficult for unauthorised parties to read stolen information, even when they have access to the VDR file system.
Many VDRs include e-Signature capabilities that allows users to sign and negotiate documents without having to use email or a third party eSign provider. This helps reduce security risks. Contracts like NDAs, supplier contracts and merger agreements usually require signatures, and a simple VDR equipped with the right eSignature features can speed up the process and eliminate extra steps that could lead to security issues.
The most well-known uses for a VDR are due diligence and M&A transactions The secure platforms are able to be used to facilitate almost any project that requires sharing sensitive information. Consider investing in a VDR that is simple to use, user-friendly, and has all the features you require for your business to close deals quickly. CapLinked is a leading VDR in the industry which offers high-end security features and document collaboration at a competitive pricing point. Schedule a free demo to see what CapLinked can help you.