I want to see more cloud services hacked. Why? Because it’ll teach people that you shouldn’t trust your data with someone else. Did you know that MegaUpload actually had valid users using its services for storage other than piracy? Well, when the Department of Justice seized MegaUpload, all those users lost their legit files. But that’s one scenario. I highly doubt the DOJ will be busting down DropBox’s doors anytime soon or even JustCloud’s. But what if one of these cloud storage service companies goes belly up (you know, bankrupt)? It’s a question that a lot of users have been asking all over the internet.
Well, let me give you two possible scenarios:
Scenario 1: The company goes bankrupt and is nice enough to continue operations with a notice period to allow you to download your files before they’re gone forever or they might just disappear overnight if they’re not large enough. Do you have local copies of your files?
Scenario 2: Another company purchases the bankrupt company and your information is safe… for now.
It’s really a 50/50 chance of what could happen. And of course, being raided by the DOJ or going bankrupt aren’t the only things that could happen to your files. What if hackers steal user login information? They’ll suddenly have full access to your account and be able to download any of your data… especially if the storage company generates a private encryption key based off of your login information.
While I don’t want to sound hypocritical, yes I do use cloud storage services. However – I use it to temporarily hold large files or to keep file structures in tact so I can download them to an external hard drive. Seriously – if you want a cost affordable solution, go buy an external USB or eSATA hard drive and periodically, take an entire snapshot of your hard drive. If you’re really paranoid, store it in a fireproof safe along with all your other vital documents. Cloud crisis adverted.