Hacker puts 'full redundancy' codespaces.com out of business

A code-hosting and project management services provider was forced to shut down operations indefinitely after a hacker broke into its cloud infrastructure and deleted customer data, including most of the company's backups.
Important learning:

  1. Cloud DOES not make you any more secure, in many ways it makes you less secure
  2. Don't put all your eggs in one basket - host backups at a different location, with a different service provider
Story here and here

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