> Google's been indexing the web and Amazon executing bazillions of legally binding sales without a "major data loss event" for 13 years now. I don't think that's really likely. At that scale, backups aren't really a .serious problem, as you have to have redundancy in the system for reliability reasons anyway.
How do you know that there hasn't been a major data loss event for Google? Would you be able to tell the difference if, say, a quarter of their data were gone?
(I agree that it would be more visible if Amazon had a major data loss, but the fact that you don't know about it doesn't mean it didn't. In fact, can you name a major data loss of which you do know? (I can't, but that may just be because I don't follow these things.) Surely one can't conclude from the fact that there are few well publicised examples that businesses do not suffer such losses.)