The Hidden Risks of Cloud Computing - Security - Lifehacker
http://lifehacker.com/5325169/the-hidden-risks-of-cloud-computing

Every day more users move their computing lives from the desktop to the cloud and rely on hosted web applications to store and access email, photos, and documents. But this new frontier involves serious risks that aren't obvious to most.

In an era of ubiquitous broadband, smartphones, and users who manage multiple computers and devices, it just makes sense to move your email, photos, documents, calendar, notes, finances, and contacts to awesome web applications like Gmail, Evernote, Flickr, Google Docs, Mint, etc. But transferring your personal data to hosted web applications has its potential pitfalls, risks that get lost in all the hype around cloud-centric new products like Google's new Chrome OS or the iPhone.