Toxic cloud computing (ha!)

The next big thing on the internet: cloud computing, even though it was the first big thing. Weren't MUDS, OLGA, and timesharing computers "cloud computing," anyway?

Now cloud computing means Google and Microsoft Azure and Amazon's computation service, or whatever. I am sure that for some companies, these solutions make sense. But wouldn't it suck if your remote data got hacked? What about that time Google Mail crashed?

Everything has its risks. Still, I am puzzled. Computing power is cheap and only getting cheaper. Plenty of people carry phones with enough space to fit every email they'll ever write. Why centralize our data? Unneeded cloud computing invites a security nightmare.