SwissDisk

SwissDisk is an online cloud storage service primarily accessible through encrypted WebDAV. Swissdisk claims that the service is extraordinarily secure, relying upon private key cryptography and SSL to ensure confidentiality of users' data. They also claim that their data storage practices comply with HIPAA, the Sarbanes-Oxley Act, the Gramm-Leach-Bliley Act, and FIPS 197.
October 2009 failure
In October of 2009 SwissDisk suffered an "unplanned and unforeseen catastrophic hardware failure caused by multiple simultaneous events" that resulted in "users being unable to access their data". All data was lost and "all accounts will be required to re-register". In response, Swissdisk sent the following message to its users.
(SwissDisk) has signed a contractual service agreement with a $40B company. For the first time this will enable SwissDisk to provide our customers with a 99.95 per cent service level agreement. SwissDisk users will enjoy the peace of mind that comes with access to a truely world class, internationally deployed, multi-million dollar, extremely resiliant storage infrastructure and internet network.

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