Digital objects are more vulnerable to destruction or loss as compared to conventional library materials. Issues like format obsolescence, software obsolescence, hardware obsolescence and storage media fault/deterioration are some of the major threats that make the digital resources vulnerable to destruction. Digital resources require special attention and application of strategies for long term retention and accessibility. The purpose of this paper is to outline the basic issues that threaten the retention and accessibility of digital resources in the long term. The paper also attempts to provide an outlook of the possible solutions for overcoming these issues.