don't feel too comfortable with the notion...
of another company holding on to all of company's data. There are no guarantees regardless of contracts signed that an individual can't access this data and do what they want with it.
Encryption & security sound great but if credit card & banking organizations can get hacked into and have that type of data stolen, what guarantee is there that your company data is safe with an online storage provider such as the one you mentioned.
What happens when this online storage provider has hardware problems or a catastrophe at their end? How do you know how their internal backups are handled and what if everything is lost at their end and you haven't maintained any local backups, you pretty much have nothing at this point. Probably doesn't happen very often (or maybe at all) but the chance always exists.
