Danish hosting firms CloudNordic and AzeroCloud have suffered ransomware attacks, causing the loss of the majority of customer data and forcing the hosting providers to shut down all systems, including websites, email, and customer sites.
Any redundant backup strategy uses both. They both have inherent data loss risks. Local backups are great, but unless you store them in a bunker they are still at risk to fire, theft, vandalism and natural disasters. A good backup strategy stores copies in at least three locations. Local, off-site and the cloud. Off-site backups are backups you can physically retrieve. Like tapes stored in a vault in another city.
Any redundant backup strategy uses both. They both have inherent data loss risks. Local backups are great, but unless you store them in a bunker they are still at risk to fire, theft, vandalism and natural disasters. A good backup strategy stores copies in at least three locations. Local, off-site and the cloud. Off-site backups are backups you can physically retrieve. Like tapes stored in a vault in another city.