Check the background of this financial professional on FINRA's BrokerCheck.
   

Newsletters


The newsletter articles on this page provide valuable information on timely and interesting financial issues across a variety of subject areas, including retirement, investments, personal finance, annuities, insurance, taxes, college, and government benefits.


Assessing Portfolio Performance: Choose Your Benchmarks Wisely
Estate Planning Strategies in a Low-Interest-Rate Environment
Are There Gaps in Your Insurance Coverage?
I'm thinking about storing financial documents in the cloud. What should I know?
What's the best way to back up my digital information?


SIGN UP NOW
Enter your name and e-mail to receive e-mail updates from me.
NAME:
E-MAIL:


 
 

I'm thinking about storing financial documents in the cloud. What should I know?

Cloud storage--using Internet-based service providers to store digital assets such as books, music, videos, photos, and even important documents including financial statements and contracts--has become increasingly popular in recent years. But is it right for you?

Opinions vary on whether to store your most sensitive information in the cloud. While some experts say you should physically store items you're not willing to lose or expose publicly, others contend that high-security cloud options are available.

If you're thinking about cloud storage for your financial documents, consider the following:

  • Evaluate the provider's reputation. Is the service well known, well tested, and well reviewed by information security experts?
  • Consider the provider's own security and redundancy procedures. Look for such features as two-factor authentication and complex password requirements. Does it have copies of your data on servers at multiple geographic locations, so that a disaster in one area won't result in an irretrievable loss of data?
  • Review the provider's service agreement and terms and conditions. Make sure you understand how your data will be protected and what recourse you have in the event of a breach or loss. Also understand what happens when you delete a file--will it be completely removed from all servers? In the event a government subpoena is issued, must the service provider hand over the data?
  • Consider encryption processes, which prevent access to your data without your personal password (including access by people who work for the service provider). Will you be using a browser or app that provides for data encryption during transfer? And once your data is stored on the cloud servers, will it continue to be encrypted?
  • Make sure you have a complex system for creating passwords and never share your passwords with anyone.
 
©2017 Broadridge Investor Communication Solutions, Inc. All rights reserved.


 
 
 Securities offered through First Allied Securities, Inc. A Registered Broker/Dealer. Member FINRA/SIPC.  Advisory services offered through First Allied Advisory Services, Inc. and Linker Financial Group.  Both Registered Investment Advisers.  Linker Financial Group is not affiliated with First Allied Securities, Inc. and/or First Allied Advisory Services, Inc.

This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. We suggest that you consult with your financial or tax advisor with regard to your individual situation. This site has been published in the United States for residents of the United States. Persons mentioned in this site may only transact business in states in which they have been properly registered or are exempt from registration.  Click here to view our Privacy Policy
 


Check the background of this financial professional on FINRA's BrokerCheck.