Data security is the safeguarding of digital information, such as the ones in a database, from destructive forces, and unintentional actions by users who are not authorized. Examples include cyberattacks or data breach. It also involves preventing unauthorised access to data by implementing robust data security practices and technology.
VDRs are the most secure way to share documents and collaborate on projects. They allow for granular control of access, limiting the ability of users to download copies, print and download documents. Access to documents can be revoked after a certain amount of time has expired. Many VDRs also have features that detect malware and block the contents of documents. This makes it difficult for unauthorised users to access stolen data, even when they have access to the VDR’s file system.
Many https://digitalcloudroom.com/vdr-ability-to-provide-secure-storage-for-sensitive-company-documents/ VDRs are equipped with eSignature, allowing users to sign and negotiate documents without the need to use email or a third-party eSign provider. This decreases security risk. Many contracts, like NDAs and supplier agreements, require signatures. A simple VDR that has eSignature features could remove additional steps and cut down on time.
These secure platforms are not just useful for due diligence and M&A and due diligence, but can also be used for virtually every project that requires sharing sensitive information. Make sure you invest in a VDR that is easy to use, user-friendly, and comes with all the features you need for your business to close deals quickly. CapLinked is a leading VDR in the industry which offers high-end security features and document collaboration with a price that is competitive. Request a demonstration to experience CapLinked in action.