Data security is the safeguarding of digital data, such as those stored in databases, from destructive forces, and unwanted actions by unauthorized users. Examples include a cyberattack, or a data breach. It also includes preventing unauthorised access by maintaining robust data-security practices and technologies.
VDRs are the best method of sharing documents and collaborate on projects. They offer granular access controls to limit the possibility of downloading, printing and copy documents, and they can be revoked once an amount of time has been passed. The majority of VDRs have features that can scan for malware and the original source then encrypt the contents of documents. This makes it very difficult for anyone who is not authorized to read stolen information, even in the event that they gain access to the VDR file system.
Many VDRs provide e-Signature directly within the platform, allowing parties to negotiate and sign documents without having to use email or an external eSign service that can introduce additional security risk. Contracts such as NDAs, supplier contracts and merger agreements typically require signatures, and a simple VDR with the right e-Signature features can cut down on time and eliminate extra steps that could introduce security risks.
These secure platforms aren’t only suitable for due diligence and M&A and due diligence, but can also be used for virtually every project that requires sharing sensitive information. Choose an VDR that is easy to deploy, user-friendly and has all the features you need for your business to close deals quickly. CapLinked is a top VDR in the market that offers advanced security and document collaboration features at a cost-effective price. Book a demo session to see CapLinked in action.