There are many options in the digital age of data when it comes to storage for your important files. Cloud storage and virtual data rooms are two of the most common choices, however there are distinct differences in the capabilities that each can offer.
Choosing between a VDR and cloud storage option is a crucial choice that will affect the security of your data. VDRs are built to handle the sharing of files and data during vital corporate processes such as due diligence and M&A and M&A, while cloud storages are focused on providing various online file storage features. Both have advantages in their own right but it is essential to know the distinction between the two to make an informed choice that is in line with your company’s requirements.
VDRs offer advanced online and physical security features that are not offered in cloud storage software. These features include bank-grade encryption, compliance certifications and granular permissions settings. Users can also track activities in real-time and shred files remotely when they’ve been downloaded onto the device of a hacker.
VDRs are a less expensive alternative to installing hardware into your own data center. Most providers offer multiple subscription plans to meet your company’s requirements. In addition, the majority of vendors allow users to upgrade to a higher storage for a monthly fee when their complimentary space runs out. The freemium model that is used by most online storage services allows users to have no control over the location of their information and leaves it the service provider to manage security.