Storing data in cloud applications is far safer than storing data on most on-premise storage systems — but “safe” does not equal “invulnerable.” In fact, one third of SaaS users report losing data in the cloud. Yes, the cloud is safe, but it’s not infallible and today’s cloud vendors lack the incentive to point out their vulnerabilities. So we’re stepping in!
https://silicon.co.nz/wp-content/uploads/2019/11/Why-SaaS-is-NOT-backup.pdf