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I was referring to EATB’s assertion you don’t own your data. That is wrong most of the time. That has nothing to do with the integrity and honesty of the firm and its employees.

Our employees have to go through rigorous security checks to get hired (much more difficult than Obama ever did). We take our SAS 70 certification very seriously and have strong controls in place. We undergo the most difficult security audits from top tier financial companies around the world. If we lost our SAS 70 certification, we wouldn’t be able to continue to earn their business. Many other SaaS providers have similar safeguards and control sets in place and it behooves the consumer or enterprise buyer to understand who they are entrusting their data with.

That was my assertion I believe. If a cloud storage vendor controls access to your data, backups of your data, owns the physical storage device on which the data resides, controls the integrity of your data, protects the data from theft, and protects it from viruses, then the technical ownership become just that...a technicality. If you desire another party to have effective ownership of your data then go for it. Personally I wouldn't use it. If you are in the business of providing storage than I would expect you to vehemently disagree.