Cloud computing risks outweigh reward

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Though cloud computing is often touted as a cost-saver for companies, IT pros still have lingering doubts about the safety and security of working in the cloud.
Around 45 percent of IT professionals recently surveyed by the ISACA (formerly known as the Information Systems Audit and Control Association) said the risks involved in cloud computing outshine any benefits. A global organization focused on the auditing and security of information systems, the ISACA conducted its first annual IT Risk/Reward Barometer survey (PDF) in March.

http://news.cnet.com/8301-1001_3-20001921-92.html

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