Choosing Between a VDR and a Cloud Storage

In the digital age there are a variety of options to store your most important files. Cloud storage and virtual data rooms are the two most popular choices, however there are distinct differences in the features they offer.

The choice between a VDR and a cloud storage is a crucial choice that can impact the security of your data. VDRs can be used to manage files and information sharing during crucial corporate processes, like due diligence or M&A. Cloud storage is designed to offer a wide range of online file storage options. Both have advantages on their own, but it is important to understand the difference between the two to make an informed choice that is compatible with your company needs.

VDRs offer advanced online and physical safety measures that are not often accessible in cloud storage. These features include the highest level of encryption available, compliance certificates, and granular permission settings. They also allow users to keep track of their activity in real-time and even have documents remotely shred if they are downloaded to a device that has been compromised.

VDRs offer a lower cost option than installing hardware in your own data center. The majority of providers offer multiple subscription plans to meet your company’s requirements. Many providers permit users to upgrade their storage by paying a monthly fee when they are running out of space. Despite this the freemium pricing model of most online storage services leaves users with no control over the location of their files and entrusts the responsibility to ensure security on the part of the provider.

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