Tread carefully with cloud storage services

Decades ago, most small savers kept their money under the mattress, in a cookie jar or hidden on their property. All over New England, metal detectors are being used to find stashes of saved coins in trees, old barn foundations or secret vaults in open fields.Slowly, over time, the safety of banks was promoted as a better place for your hard-earned extra cash, and people opened savings accounts. Before the Federal Deposit Insurance Corporation (FDIC) guaranteed the safety of your money, the size and robust qualities of the steel bank vault were your only safeguard that your stash would be safe.Banks used that money to build businesses, finance house loans and capitalize towns and cities. Without all those millions of people’s personal savings, America could never have become the super economy it is today.When the FDIC was formed after the terrible run on the banks during the Great Depression, banks became 100 percent safe for the small depositor. And what did you get from these safe banks? Interest, service, loans and security.But all that transition from under your mattress to a bank took time, confidence and courage on your part and a carefully planned business on behalf of the banks. Initially, especially after the FDIC, banks were friendly institutions — your trusted partners in life. Then they began to abuse the privilege. That trend may be about to repeat itself in the Internet age and bears watching, both for your money and a new development about to impact every single living American (and most of the world): Cloud computing.Apple, Microsoft, Google, Amazon, Yahoo and other major Internet players are offering free (or almost free) cloud storage. For those of you who do not know what cloud computing is, it is simple. You put all of your files, data and personally saved information into the care of a large “safe” corporation that makes it available to you when you need it. How do you get access to it? Via the Internet, Wi-Fi, LAN, 3G or 4G connections.What is the advantage to you? You are promised they will never lose anything and your possessions will be kept safe in their vault (server). All those photos, family letters, documents, bills, bank statements, credit card statements, mortgage papers, car documents, everything you have can be placed there to be held, safely, forever.Now, ask yourself, why would they offer these services for free? Look back at the old deposit banks, which kept your money in their safe (while they used it). They did not charge you. They gave you a passbook so you could see how much money you had, and you could rely on it being available.You could even earn a little interest while they held onto your money.Now the big Internet players are doing the same thing with all of your data. Instead of interest, they are offering safety for your data and the ability to access it from numerous platforms, such as computers, iPhones and Android devices. In short, they are acting like your data storage deposit, and they even give you a password and an email update on what they are storing for you — just like the old bank passbook.But here is the difference: They can mine your data, building algorithms that teach them trends, show demographic strategies for their businesses and better target you and people like you as customers. When Microsoft and others announce the free Office suites, resident only on the cloud, there may be advertising attached, but what they are really after is the data and user profile you will input with each email, each Internet purchase receipt, each bank statement reviewed and the history of each site you visit. In short, they’re after each and every endeavor you embark upon via the Internet.The days of the new big cloud data banks are upon us. Since we have no federal watchdogs here yet — no FDIC to protect us — we need to tread carefully. Peter Riva, formerly of Amenia Union, lives in New Mexico.

Latest News

Robert J. Pallone

NORFOLK — Robert J. Pallone, 69, of Perkins St. passed away April 12, 2024, at St. Vincent Medical Center. He was a loving, eccentric CPA. He was kind and compassionate. If you ever needed anything, Bob would be right there. He touched many lives and even saved one.

Bob was born Feb. 5, 1955 in Torrington, the son of the late Joesph and Elizabeth Pallone.

Keep ReadingShow less
The artistic life of Joelle Sander

"Flowers" by the late artist and writer Joelle Sander.

Cornwall Library

The Cornwall Library unveiled its latest art exhibition, “Live It Up!,” showcasing the work of the late West Cornwall resident Joelle Sander on Saturday, April 13. The twenty works on canvas on display were curated in partnership with the library with the help of her son, Jason Sander, from the collection of paintings she left behind to him. Clearly enamored with nature in all its seasons, Sander, who split time between her home in New York City and her country house in Litchfield County, took inspiration from the distinctive white bark trunks of the area’s many birch trees, the swirling snow of Connecticut’s wintery woods, and even the scenic view of the Audubon in Sharon. The sole painting to depict fauna is a melancholy near-abstract outline of a cow, rootless in a miasma haze of plum and Persian blue paint. Her most prominently displayed painting, “Flowers,” effectively builds up layers of paint so that her flurry of petals takes on a three-dimensional texture in their rough application, reminiscent of another Cornwall artist, Don Bracken.

Keep ReadingShow less
A Seder to savor in Sheffield

Rabbi Zach Fredman

Zivar Amrami

On April 23, Race Brook Lodge in Sheffield will host “Feast of Mystics,” a Passover Seder that promises to provide ecstasy for the senses.

“’The Feast of Mystics’ was a title we used for events back when I was running The New Shul,” said Rabbi Zach Fredman of his time at the independent creative community in the West Village in New York City.

Keep ReadingShow less