As a modern accountant, I am finding the internet to be a boon to automating a lot of data entry tasks and the "Cloud" has become in a sense fundamental to my operations but........the talk above is about YOUR information in the cloud. My problem is that its not my information, its my clients and I am starting to become very uncomfortable about where I stand legally with, say employee's personal details, stored in a foreign country on a private companies servers. In the real world, Clouds tend to come and go, are fluffy and lack substance. Perhaps Cloud needs a rebrand.

What scares me most however is a comment by one of my providers wondering publicly how they could leverage this vast data store.

Excuse me, but when did my data become your information