Data security is the protection of digital data, like those in a database from the destructive forces of nature, as well as unintentional actions by users who are not authorized. Examples include cyberattacks or data breach. It also means preventing unauthorized access to data through the use of robust data-security procedures and tools.
VDRs offer the most secure method for sharing documents and working on projects. They offer access control that is granular to limit the ability to download, print and data security in the age of cybercriminals copy documents, and they can be removed after the specified amount of time has expired. In addition, many VDRs offer features to scan for malware and encrypt document contents. This makes it impossible for unauthorized users to read stolen data even when they have access to the VDR’s file system.
Many VDRs have e-Signature built-in that allows users to sign and negotiate documents without the need to use email or a third-party eSign provider. This decreases security risks. Contracts like NDAs, supplier contracts and merger agreements typically require signatures, and a straightforward VDR with the right e-Signature features can speed up the process and eliminate extra steps that could lead to security risks.
While the most popular applications for the VDR are due diligence and M&A transactions These secure platforms are able to be used to facilitate almost any project that requires sharing sensitive information. Choose a VDR that is simple to implement, use and has all the features you require to close deals quickly. CapLinked is an industry-leading VDR that provides advanced security and document collaboration features at prices that are competitive. Book a demo session to see CapLinked in action.