I keep my money spread out across multiple accounts with multiple banks up to the insured limit. Because yes, banks can fail.<p>&gt; You indicate that storing customer data in the cloud is &quot;playing fast and loose&quot; but I&#x27;d argue the opposite. Not having a cloud backup is what is &quot;fast and loose&quot;<p>Basic reading comprehension failure, that is not what GP is arguing.<p>He&#x27;s arguing that if your live data lives in the cloud your backup copy should not be in the cloud and vice versa.