Using this hard disk from past 4 years and never faced any issues with it. I am having a USB 3.0 version of it. The build quality and the functioning of the device is really good. The same speed I am getting today as I used to get before.
Good simple design at budget cost. There are no cons as such. Just take care of your USB cable and handle with it care. That's it. Never heard from anywhere that they got their data corrupted or any such issues. You should go for it. The service and support provided by the company is also good. No need to worry.
