I believe losing a paper copy is much easier than having your relevant backup in three or four different electronic storage locations. Also, how much and for how long should one store the data? My electronic backup goes 20 years back. Imagine how much paper that would be. I back my dat into Dropbox which is backed up onto Skydrive by Microsoft and the combined data is then backed up into ICloud and Google Drive. I also back this up on my personal encrypted hard drives. This gives a level of redundancy to the data if one or two sites were hacked. Additionally, I password protect relevant off files.
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Personal Financial Cyber Security: Paper Financial Statement Records Are Essential
I believe losing a paper copy is much easier than having your relevant backup in three or four different electronic storage locations. Also, how much and for how long should one store the data? My electronic backup goes 20 years back. Imagine how much paper that would be. I back my dat into Dropbox which is backed up onto Skydrive by Microsoft and the combined data is then backed up into ICloud and Google Drive. I also back this up on my personal encrypted hard drives. This gives a level of redundancy to the data if one or two sites were hacked. Additionally, I password protect relevant off files.