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| Protecting Data during Due Diligence
M&A transactions
For the due diligence process in the Mergers and Acquisitions process there is an exchange of documents, reports, and detailed financial and operational data. War rooms are often established with paper copies of documents stored in a secure area. Unfortunately this requires cost for team participants to travel to the location to review the materials.
Self Destructing Video Mail from mailVU.com allows the team to send a video message with attached files to anyone else on the team. The link to the data can self destruct after a certain number of views or days. If documents were sent through normal email one would never know where the data was stored, whether it was forwarded, or whether additional copies were backed up on servers. The mailVU.com service ensures that the link to the data expires per the sender's designated expiration date making it no longer retrievable.
Loan Applications
The loan process is another area requiring high security on the information. Bankers often need detailed tax records and personal financial information prior to approving loans. This information often contains tax IDs and social security numbers, and must be kept confidential. Paper copies are typically mailed back and forth, incurring both a time delay and an extra cost. mailVU.com can be used to send a video message with added files, self destructing after the designated time period. | |
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