Businesses that use data as its lifeblood won’t want to put that data out there where it would be more vulnerable. Insurance and financial service industries “are not comfortable putting things on the cloud,” says Ara Trembly. The cloud security concerns can be present whether you are using a public or private cloud, he says. In general, things inside your own systems, assuming you have intrusion protection, would be safer. But if it absolutely has to be as safe as you can make it, you don’t use the cloud.”]
Source: https://www.csoonline.com/article/2129075/will-your-business-data-be-safe-in-the-cloud-.html