There are many options available in this data-driven digital age in terms of storage for your valuable files. Cloud storage and virtual data rooms are two common choices, however there are distinct differences in the capabilities that each can offer.
The security of your data is affected by the choice you make to choose between a VDR or cloud storage. VDRs are used to handle files and data sharing during critical corporate processes such as due diligence or M&A. Cloud storage is designed to offer a wide range of online file storage options. Both have advantages however, it’s crucial to understand the differences between them so that you can make an informed decision that aligns your business needs.
VDRs have advanced online and physical safety features that aren’t usually available in cloud storage. These features include security measures that are bank-grade, compliance certifications and granular permission settings. They also allow users to monitor activity in real-time and even have documents remotely shred if they are downloaded onto a device that has been compromised.
VDRs are a more cost-effective alternative to installing hardware into your own data center. Many providers offer multiple subscription plans to meet the needs of your business. In addition, many vendors allow users to upgrade to additional storage for a monthly fee after their free space has run out. Despite this the freemium model of a lot of online storage providers provides users with no control over where their data is stored and entrusts the responsibility to monitor security on the part of the provider.