By Shawn Dougherty and Bryan Flores, Verisk Insurance Solutions Group
Information technology professionals have recommended backing up files to protect information against hard drive crashes or stolen equipment since the integration of computers into the business world. Over the last three decades, data storage has evolved from floppy disks that held 1.44 megabytes of information to external storage capable of storing millions of megabytes (or, more concisely, multiple terabytes) of information.
Over the last few years, having enough storage space has become less of an issue, and the focus has shifted to accessibility. The newest tool to store data is the cloud, which gives users access to large amounts of storage space and makes that data available from any location and on many different devices. But although it has changed how countless professionals do business by being accessible from anywhere with an Internet connection, the cloud presents a new wave of cybercrime and hacking risks that businesses and their employees must protect against.
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