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Your hard drive will fail. Guaranteed! Every single hard drive in service as you read this will fail. It's a 100% chance. We simply don't know when it will fail. The reason for this perfect score in the failure category is the mechanical nature of the beast. While some will last longer than others, sooner or later a mechanical breakdown will occur. But data loss is not confined to mechanical failure or the storage device. Many data loss incidents are due to an electronic failure of the components in the controller of the drive which can be caused by power surges, static electricity, lightning, etc.
Floppy fire fight: A photographer of the digital persuasion had just finished a trip to three different cities where he recorded the images of a client's possessions for insurance purposes. The very next day -- before he had a chance to make copies of his work -- a fire destroyed his apartment. Not all was consumed, though. While sifting through the debris, he found the box of 1.44 floppies where all of the images of the last trip were stored. We put on our fire hats and went to work. One by one, slowly, they came back -- like the Phoenix rising from the ashes. We managed recovery of about 90% of the images, saving our client's relationship with his customer and preventing the cost of re-shooting the 10-day project.