3 ms·
Why do you store your money with an external organisation that you don't control? Because they offer better security than I can build in to my own home (at lea
by rahoulb 13y ago
Why do you store your money with an external organisation that you don't control?
Because they offer better security than I can build in to my own home (at least not without significant effort) and they offer guarantees should my money go missing under many (but not all) circumstances (for example, the savings guarantee if a UK bank goes bust).
Do cloud providers offer the same? The guarantees may vary dependent upon service contracts (uptime, backups etc), but the idea that their data-centre was better secured than my company server-room was supposedly a given (at least for most small to medium organisations).
EDIT: added qualification to last sentence
- hyperbovine 13y agoMoney is fungible. What is the equivalent of deposit insurance on my deepest, darkest secrets? This does not seem like a good analogy.
- rahoulb 13y agoIt's the same trade-off though - how much security can I provide versus how much security can they provide? The insurance is just an incentive to keep my stuff safe (and in the case of savings guarantees, an incentive to keep consumer-facing banks from going bust).