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It's also why nothing in my AWS account is "canonical storage". If I need, say, a database in AWS, it is live-mirrored to somewhere within my control, on hardware I own, even if that thing never sees any production traffic beyond the mirror itself. Plus backups.
That way, if this ever happens, I can recover fairly easily. The backups protect me from my own mistakes, and the local canonical copies and backups protect me from theirs.
Granted, it gets harder and more expensive with increasing scale, but it's a necessary expense if you care at all about business continuity issues. On a personal level, it's much cheaper though, especially these days.
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