As our lives become more intertwined with the Internet it may be only a matter of time before all of our important data is stored in this vast “cloud” of bits and bytes. Most people are well on their way with online banking and bill paying, e-tax filing, email, document storage vaults, Social Security information, and soon we will be making payments using our smart phones. Businesses and individuals alike are moving away from metal file cabinets to computer servers, for convenience and better data management. Is it safe? Technically, it could be a lot safer than storing physical documents. But, there are some things you should consider with online data storage.
The potential problems of storing records on computer are often discussed with plenty of advice given for proper data backup. Less discussed, primarily because it is relatively new territory, is the notion of “cloud” recordkeeping where records are entrusted to the internet. The subject is beginning to receive a lot of attention and the debate on the viability of recordkeeping in the cloud is far from settled.