There is no cloud, it is just somebody elses servers. Your cloud provider is probably not responsible for any consequences of a loss of service. The cost of a breach of 100,000 records from the cloud would almost double to $5.32 million versus an average cost of $2.37 million for the same size data breach from in-house servers. The cloud is a perfect back up location, especially when you need backups in a hurry, but make sure that your data is encrypted before it is moved to the cloud.”]
Source: https://www.csoonline.com/article/3091671/forecast-mostly-cloudy-with-a-chance-of-failure.html