Concerning news in cloud storage and backup…

August 2, 2012 at 5:54 pm 1 comment

We’re back!  After a long hiatus, the Cloud Storage Blog is under new management and returning to the airwaves… and just in the nick of time – it’s been a huge day in cloud storage news.  Unfortunately, most of it is negative:

Dropbox releases security breach information

High flying cloud sync and storage site Dropbox published the details of a major security breach today.  The BBC coverage provides a summary of the Dropbox security breakdown and Sophos issued a scathing critique.

Carbonite sanctioned by UK Court

Online backup provider Carbonite got a wag of the finger from the UK’s advertising watchdog organization, the Advertising Standards Authority (ASA).  The group called Carbonite’s advertising misleading, noting that the highlight their “unlimited” backup space, but actually intentionally slow down users’ upload speeds when they start to store a lot of data.

They declared (and pretty much anyone with common sense would agree) that this is pretty misleading.  The adjudication affirmed that Carbonite’s ads are misleading and prohibited them from being run in the same form in the future.  Is the FTC next to act?

Notably, the company did not respond to the complaint.  Also, they released 2nd quarter earnings info yesterday.  Revenue and bookings are up by an impressive amount, but the market doesn’t seem to like the totality of the news, as the company’s shares are trading down 10.9%

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Anyway, we’re exciting to be posting again but looking forward to more positive news for the space…

 

 

 

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Entry filed under: Uncategorized. Tags: , .

Compare the Consumer Online Storage Offerings… Carbonite announces Q32012 financials, growing but still losing money

1 Comment Add your own

  • 1. John  |  September 17, 2012 at 6:17 pm

    Fantastic Work! Cloud Storage is definitely the future! You can get unlimited storage for just $5/mo!

    Reply

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