Techniques are presented for peer-to-peer (P2P) replicated backup and versioning. Peer clients register and share storage with one another for purposes of P2P data replication, data versioning, and/or data restoration via a P2P server. The P2P server also provides security and management between the peer clients. Moreover, the P2P sever can audit behaviors of the peer clients and take punitive actions against any of the peer clients that violate policy.