Data security means protecting information stored in digital formats, like the ones stored in databases, from harming forces and unwanted actions of unauthorised users, such as a cyberattack or a data breach. It also means preventing unauthorized access by maintaining robust data-security methods and techniques.
VDRs are the best method to share documents and collaborate on projects. They provide granular control over access to limit the capacity of users to download prints, copy and download documents. Access can be terminated if a certain period of time has been completed. Most VDRs also offer features that scan for malware and then encrypt the contents of documents. This makes it extremely difficult for non-authorized parties to access stolen information even if they gain access to the VDR file system.
Many VDRs have e-Signature built-in, allowing users to sign and negotiate documents without having to use email or a third-party eSign provider. This minimizes security risks. Contracts like NDAs or supplier contracts, as well as merger agreements typically require signatures, and a simple VDR with the appropriate e-Signature features can save considerable time and avoid additional steps that can introduce security vulnerabilities.
These secure platforms aren’t just useful for due diligence and M&A and due diligence, but can also be used for any project that involves sharing sensitive information. Consider investing in a VDR that is simple to implement, use and has all the features you require to complete deals quickly. CapLinked is a world-class VDR that provides advanced security and document collaboration capabilities at a prices that are competitive. Get a no-cost demo to see what CapLinked can offer you.