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Re:Fire destroys S. Korean government's cloud storage system... by johannes1234321 on Monday October 06, 2025 @07:01AM (#45490015)
Losing data is mostly() fine if you are a small business. If a major bank loses it's data it is a major problem as it may impact a huge number of customers and an existential way, when all money is "gone"

() From state's perspective there is still a problem: tax audits, bad if everybody avoids them by "accidental" data loss

Re:Fire destroys S. Korean government's cloud storage system... by fauigerzigerk on Monday October 06, 2025 @10:26AM (#45491813)
As I said, a wide blast radius is a justification and banks are already regulated accordingly. A general obligation to keep financial records exists as well.