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What is a Digital Vault?
What is a digital vault used for?
Digital legacy and digital estate planning are an emerging new element you must add to your future, financial and estate plans. A component to this is a digital vault. What is a digital vault and what is it used for?
For many, the word vault brings to mind an image of a large room in a bank with a large spinning lock. A digital vault is similar to this. A digital vault is a safe and secure place to store important digital assets.
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Why would I use a digital vault?
You would use a digital vault for the same reasons you use other means to keep something safe; to protect your important items. With a digital vault, you are protecting your digital assets both for yourself now, and for your loved ones after you've died.
Using a digital vault to protect your important files, photos and other digital assets for you now
At the heart of a digital vault is a secure means of cloud storage. With cloud storage, you're uploading your files to a remote, secure server where your files are now in multiple places. It is standard practice for cloud storage services to employ many different levels of backup. By uploading your files to a digital vault, you will be protecting your files from many different risks including:
- Computer/device crashes and failures
- Lost or stolen computer/device
- Lost or deleted files
- Disasters: Fires, floods, other natural disasters
- Cybercrimes: hacking, malware, ransomware, and more
- Other forms of digital and physical theft
Using a digital vault to transfer your important files, photos and other digital assets as part of your digital estate and legacy planning
A digital vault is perfect for organizing your digital estate, life and other digital assets for your loved ones for when you're gone.
With Final Security's Info Vault, a safe and secure digital vault, you can ensure your most important files, documents, photos and other digital assets are found by your loved ones. What are some examples of what can go into your Info Vault (digital vault)?
What are some examples of things to put in a digital vault?
Final Security's Info Vault is the perfect place to store your digital assets. We employ bank-grade and HIPAA level security protocols to ensure your important assets are safe. Below is a list of the most common items that you can store in your Info Vault (digital vault) :
- Store your usernames and passwords to any service (you can also store files and notes with each entry).
- Store your photos: save a single, memorable photo or a collection you'd like to pass on.
- Store your documents, such as a will, or a collection of information your beneficiaries will need.
Your Info Vault creates an efficient, organized and central place for your beneficiary to find all your important information after your passing.
Digital Vaults in Digital Legacy and Digital Estate planning
Digital vaults, like Final Security's Info Vault, are just one part of a complete digital legacy and digital estate plan. Click here to learn more about how to protect you and your loved ones from cybercrime and financial theft, protect your assets, ensure your important files are found and protect your legacy.
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Digital Estate Risk Assessment Calculator
According to AARP, it can take six months for financial institutions, credit-reporting bureaus and the Social Security Administration to receive, share or register death records. When you consider that timeframe and that cybercrime is now more profitable than the global illegal drug trade, your digital estate is the perfect target for criminals. We need to protect and organize our digital lives in preparation of our digital death.
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