In the digital age there are a myriad of options to store your most important files. Cloud storage and virtual datarooms are two options that are widely used, but they offer distinct features.
The security of your data will be affected by the decision you make between the use of a VDR or cloud storage. VDRs are utilized to manage files and information sharing during important corporate processes, such as due diligence or M&A. Cloud storage is designed to offer a wide range of online storage options for files. Both are beneficial on their own, but it is important to know the distinction between the two in order to make an informed choice that is in line with your business needs.
VDRs come with advanced online and physical safety measures that aren’t typically accessible in cloud storage. These features include bank grade encryption, compliance certificates, and advanced settings. They also let users monitor activity in real-time and even have documents electronically destroyed if downloaded to a device that has been compromised.
Choosing to use a VDR for your company is a cheaper solution than purchasing and installing equipment in a separate data center. Moreover, most providers offer multiple subscription options to accommodate your needs. In addition, the majority of vendors allow users to upgrade to a higher storage for a monthly fee when their free space runs out. The freemium pricing model employed by most online storage services allows users to have no control over the location of their data. It also leaves it to the service provider to ensure security.