Of course it is. Yet consolidation is always a resource-saver: consolidated targets are always easier to protect unless they are disposable. (Yet where data is concerned, nothing is disposable.)
Distributed data centers - do they consist of a gazillion easy-to-breach small sites, or of a smaller number of larger and harder-to-breach ones? Why do you think is that?
Of course personal computing is not fully ready for thin computing - I just really don't get this resistance:
"20 years ago thin computing was bullcrap"
"Woz said that security-wise, cloud computing is bullcrap"
"I personally think cloud computing is bullcrap"
"Apple iCloud just got hacked!"
Nice! Clearly a host of scientific evidence points to a pile of bullcrap...

































