It does not really solve the problem. You also have to backup your accounts and a lot of other originally paper information (important business letters, contracts etc.). The solution is to back up in more than one location. On your network (use mirroring to have an extra copy on another server or powerful and secure desktop), then in the Sky. Use at least two different service providers, if you have a lot of sensitive data. The cost is much lower than paper and less risky. We know a lot of companies that lost everyting, because they lost their data. Keeping the data on paper, is not really going to solve that problem. Fire, water leaking, natural disasters... Only the Sky can save you. Some Sky service providers, will allow you to store your data in 2 different places for you. In different countries or at least in different locations in one country.
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Personal Financial Cyber Security: Paper Financial Statement Records Are Essential
It does not really solve the problem. You also have to backup your accounts and a lot of other originally paper information (important business letters, contracts etc.). The solution is to back up in more than one location. On your network (use mirroring to have an extra copy on another server or powerful and secure desktop), then in the Sky. Use at least two different service providers, if you have a lot of sensitive data. The cost is much lower than paper and less risky. We know a lot of companies that lost everyting, because they lost their data. Keeping the data on paper, is not really going to solve that problem. Fire, water leaking, natural disasters... Only the Sky can save you. Some Sky service providers, will allow you to store your data in 2 different places for you. In different countries or at least in different locations in one country.