Maybe worth checking out.
From Lifehacker:
A new service called Backify is offering an insane 512GB of online storage for free just for signing up for their service. It's the definition of freemium, with two additional tiers of unlimited backup and unlimited backup + "briefcase", which is space you can use for anything, coming in at $3 and $5 a month, respectively.
This amount of space for free sounds amazing, especially since they let you download software onto your computer to automatically take care of backups for you, thereby minimizing the amount of ads you would have to look at (for them to recoup bandwidth and storage costs). That is, if that's even how they monetize the service. But there are some red flags.
One, the enormous amount of storage given is a red flag in itself.
Two, your password that you set is sent to you in plain text. We called the service and they said the passwords only come in plain text in the email right now, and are stored MD5 hashed. They are going to fix the plain-text email thing later today.
Three, although we were able to get through to the company, from what we heard it sounds more like a start-up, low-scale operation than a properly established business. That may or may not be true—this is just the impression we got from calling them.
Well yes caveats are many but you get a plus for me ROFLing at the photo of the guy on the homepage.. Represents every ozbargainer after finding out there was no $99 laptop :D