Regular backups to cloud storage ensure that critical files are not only saved frequently but are also stored off-site, which protects against local disasters like fire, theft, or hardware failure. This approach adheres to the best practices for backing up essential data and provides a resilient recovery option. Daily on-site backups, while important, may not provide adequate protection against local disasters. Weekly backups might not give frequent enough data recovery points for critical financial records, leading to potential data loss. On-demand backups rely on manual intervention and may not occur with the necessary regularity for important documents.