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Pro Box provides cloud services with enterprise maintaining control over encryption keys
Box provides dedicated hardware (HSMs) that the enterprise has complete control over and can provide access to Box in a granular way with Box in turn providing cloud services such as deduplication, search indexing, information rights management, etc.
Con Costs more than the standard Box service
Box EKM is built as a complementary but still separate service than the storage service that Box provides. As such, it costs extra to use EKM to store secrets of data hosted with Box's cloud hosting.