Secure deal collaboration involves the use of technology to ensure that confidential data is not compromised when working on a project. This includes using encryption techniques to shield data from interception during transport and at rest. This helps to prevent data breaches that could cause financial damage and damage to an organization’s image. A key component of secure deal collaboration is to ensure that only authorized people have access to the data. This is accomplished by using powerful access controls and monitoring.

In addition to a non-disclosure agreement and non-disclosure agreement, parties should include a clause governing how intellectual property generated during the collaboration will be handled. A lead party is typically considered to be the proprietor of intellectual property, however, a contract should be in place that permits other parties to the partnership to continue to use the IP even after the collaboration has ended. A non-solicitation provision should be included in the event that a party is concerned that the other might try to lure its employees, subcontractors or consultants.

Furthermore, secure collaboration tools should offer features like two-factor authentication and granular access control to decrease the chance of an attack. They should also implement advanced security measures, such as document watermarking or activity tracking, to identify suspicious actions.

As more businesses adopt tools for collaboration and communication, it’s important to web assess their security in a proactive manner. Through assessing these six features of secure collaboration tools, CSOs can be more assured that they are making the right choice for their teams.