file cloud syncing risks

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http://ubuntuforums.org – I recently was experimenting with cloud storage and syncing. It is a nice idea to store a backup onto cloud storage. What if somehow a cloud site was hacked and someone deleted the files from synced accounts, then your backup is gone and your local files as well when your local client starts syncing the 2 accounts. Or some cloud site gets a virus to do the same, or some cloud admin with a personality disorder deletes random folders. Or some random catastrophe occurs on the cloud site. So I have been thinking maybe a better option would be local storage on separate hardrive under your contr (Hardware)