There are NDA issues, as well as data protection laws in the EU that mean that if you don't store data locally you need to got though a bunch of red tape (and get the person who is storing the data to also get audited). Oh, and good luck if the company is not in the EU (or even in another country).
Not to mention that we should really stop increasing our reliance on "the cloud". It's someone else's computer which you have no control over.
Not to mention that we should really stop increasing our reliance on "the cloud". It's someone else's computer which you have no control over.