The Role of VDR in Banking and Finance

In today’s interconnected and fast-paced environment, the demand for better data transparency and accessibility has continued to grow. Over the past 10 years, this necessity has led to several new developments in cloud-based business solutions available to banking and financial institutions. Virtual data room (VDR) technology is an example of one of these developments, providing organizations with a secure digital repository to help facilitate efficient document management and seamless business transactions.

VDR solutions offer a variety of benefits to banking and financial industries along with the clients that support them. Here are just a few ways virtual data room technology is optimizing collaboration between these organizations and their clients.

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The Role of Cybersecurity in Due Diligence

Need proof of the importance of cybersecurity in the M&A process? You only need to look at the case of Yahoo.

In July 2016, Verizon announced that it would acquire Yahoo for $4.8 billion. Soon after the deal was publicized, however, Yahoo revealed that it had previously suffered two major data breaches affecting more than 1 billion users, the biggest cyber attack in history. The fallout from this declaration forced Yahoo to knock $350 million off the deal’s original price.

Hacks, breaches, and other cyber attacks can seriously damage a company’s reputation and even cause it to go out of business. In order to mitigate the risks that you face as a business, it’s essential to assess your potential M&A partner’s cybersecurity practices during the due diligence stage.

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VDR Options When Raising Capital in a Digital Landscape

For aspiring entrepreneurs and startup companies, knowing how and when to raise capital for their businesses can be a challenging endeavor. This challenge only becomes compounded when you consider the dynamic digital landscape that all companies are required to navigate. Now more than ever, there is a growing need for companies to be able to provide secure and easily accessible information to their potential investors while minimizing lead-times through seamless virtual data exchanges.

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How Important is Password Complexity In Ensuring Secure Document Sharing?

The invention of web-based corporate tools and services have alleviated a plethora of communication and organizational needs faced by businesses. With this mass adoption, however, comes a potential danger that proprietary information might be accessed by unauthorized users.

Hackers are utilizing developed techniques, typically brute-force attacks, that allow them to search for passwords based on trends and frequent user habits.

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Virtual Data Rooms: Everything You Need to Know

As the name suggests, a virtual data room, or as it is more frequently called, a “VDR,” is an online database in which companies can store and share confidential information, usually used during a financial transaction. It may also be described as a type of electronic repository or document filing system. With the ubiquitous reliance on computers and specialized software to keep a business running smoothly, coupled with the fact that more and more companies are making the transition to a completely paperless office, many of the previously document-heavy operational practices have been shifted to the virtual realm.

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8 Acquisition Mistakes Startups Can't Afford to Make

Many entrepreneurs create startups with the hope that in the future, their business will be acquired. For young companies, an acquisition is an incredibly exciting achievement. It is a time in which you are assured that the startup you imagined, built and nurtured was, in fact, a successful business venture. Your years of hard work and perseverance through the hurdles and the doubters has brought you to the thrilling realization of your business being valuable and sought after.

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5 Common Startup Acquisition Mistakes

Acquiring another company, especially a promising startup, has become a bit of a competitive sport. Big enterprises are eager to capture larger and larger shares of a particular market, and a lot of companies want to expand their offerings by purchasing startups with an unrelated but highly lucrative focus. However, in the rush to snatch up the next big thing for the sake of a dollar, some important matters may be overlooked. No matter how exciting a prospective acquisition is, financially-motivated haste should never become the catalyst for a deal's downfall. There is a reason that successful businesses tout the principle that a slow and steady approach ultimately wins the race. Here are 5 common startup acquisition mistakes:

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Safe Online Document Storage Is Easier Than You Think

From individuals to businesses, everyone these days needs a secure, straightforward system for keeping track of their documents. Surprisingly, setting up a document storage system is far easier than most people think.

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The Best Way to Protect Private Documents: Not Exposing Them In The First Place

Data theft is alive and well, and for companies that fail to institute an appropriate document retention and management strategy, becoming a victim is all too likely. Even though technology is becoming more sophisticated every year, the cost of many solutions is actually declining due to fierce competition and the basic economic principles of supply and demand. As a result, there is really no excuse for any company, large or small, to neglect this facet of running a business. In simplest terms, if companies don't want private data misappropriated, then they shouldn't expose it in the first place. All it takes to achieve this is some planning, research, and a reasonable investment in the right technology. Here are the five key steps to take:

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Will Your NDA Actually Protect Your Intellectual Property?

The simplest answer to this question is that it depends. Granted, that is not really an answer, but it really does depend on the strength of the NDA, as well as whether the party signing it correctly understands its requirements. Here are the reasons that NDAs often fail to fulfill their very purpose:

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