this post was submitted on 26 Nov 2023
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It is impossible to fully eliminate the risk but with a decent backup system in place it is somewhat unlikely to lose all of your data.
The 321rule should be used as a baseline. Your local backup should be snapshotted and somewhat hardened against ransomware (pull backups instead of pushing them, do not mount the backup volume to other machines). Cold backups also help.
Can I construct scenarios in which I lose all my stuff? Sure. But in those, we are either in deep shit anyway (CME, some big astroid) or it is pretty unlikely (targeted hacking)
This. With a proper backup strategy, you are reducing the probability of a catastrophic sequence of events. It becomes P(some unlikely event) x P(some other unlikely event) x ... Etc. for as many events you can think of and/or can afford to mitigate.
As you say, the risk will never be zero. And even the best-laid plans can fail - the Gitlab incident a few years back saw five layers of backups and disaster preparedness fail.
Really, all you can do is backup your data using standard methods, and TEST THE RESTORE before you need to rely on it!