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What is Data Escrow?

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Data escrow is the practice of storing data with a neutral third party that is released to rightful owners upon certain conditions. The practice applies to custodians of data such as service providers or internet domain registrars. A data escrow service takes deposits of data on a regular basis. This has several benefits:

Backups

Data escrow assures the customer that data is backup in an independent location.

Disputes

In some cases, a vendor may hold a customer's data as a bargaining chip in a commercial dispute. In this case, the data escrow service provides an alternative route for liberating data. The ability to do this depends on the structure of the contracts involved.

Certifications

Liberating data from a service that fails to meet certain obligations such as obtaining licenses and certifications.

Service Failure

Failures a service such as extended downtime that cause customers to demand their data.

Business Failure

Failure of the business holding the data such as a financial collapse.
Overview: Data Escrow
Type
Definition
The practice of storing data with a neutral third party that is released to rightful owners upon certain conditions.
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