Dropbox today increased its maximum storage option to 1TB for Dropbox Pro subscribers and introduced a bunch of new features while maintaining its monthly subscription charge at just $9.99. It’s part of the company’s effort to better compete with rival cloud-based storage services like Google Drive.

Being a Dropbox Pro subscriber has been a pretty painful experience in recent months as companies like Google, Microsoft and even Apple have announced similar services costing around the same price that offer a lot more storage space for your cash. But today, Dropbox is fixing that.

In addition to the storage boost, there are new features for Pro users to enjoy, such as better sharing controls with passwords for shared links, the ability to create shared links that expire, and view-only permissions for shared folders.

Dropbox users are also getting new safeguards that help protect lost devices. Its new remote wipe feature lets you delete all of your sensitive Dropbox files from a lost or stolen smartphone, tablet or computer while keeping them safely backed up in the cloud.

If you’re already a Dropbox Pro subscriber, your storage space will automatically increase to 1TB over the next couple of days. And if you’re a Dropbox Free user, now’s a great time to finally upgrade and back up all your important files, photos and documents in the cloud, making them accessible from almost any device.

• SourceDropbox