Isn't it all what restricted distribution is about?
If you shared the folio, you can unshare it. If you have shared the Acrobat-account you can change the password.
In both cases I think a version of the folio will be available on the users iPad, am I right?
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Once downloaded to the iPad, it will remain available even if you end the sharing.
That's what I thought, but is there a way say with enterprise that you can have it so a login is essential to see any content at all? I have seen (not Adobe though) a Vodafone App that works this way.
DPS content is downloaded to the device for offline reading.
It cannot be read when in the cloud.
Even if the articles are web content based and need online connection to display the content, once you disable access to it it's disabled for all readers.