There are a variety of options available in the age of digital data in terms of storage options for your valuable files. Cloud storage and virtual data rooms are the two most popular choices, but there are distinct differences in what that each offers.
The security of your data will be affected by the decision you make to choose between the use of a VDR or cloud storage. VDRs are specifically designed to handle files and information during important corporate processes, such as due diligence and M&A and M&A, while cloud storages focus on delivering various online file storage features. Both have advantages in their own way, but it is important to understand the difference between them in order to make an educated decision that is in line with your company’s requirements.
VDRs have advanced physical and online security measures that aren’t often accessible in cloud storage. These features include bank grade encryption, compliance certificates, and granular settings. Users can also track the progress of their activities in real time and remotely shred documents in the event of downloading onto devices that have been compromised.
Selecting an VDR for your company is a far more affordable alternative to purchasing and installing equipment in a dedicated data center. Moreover, most providers offer a variety of subscription options to accommodate your requirements. Most vendors also permit users to upgrade their storage by paying a monthly fee when they’re running out of free space. The freemium pricing model employed by the majority of online storage providers allows users to have no control over the location of their data, and leaves it up to the provider to oversee security.