i was with a company that had a laptop stolen - it was an hr employee - the laptop had buttloads of employee data on it so they had to give all employees access to a credit bureau (this was before lifelock type businesses)
with cloud computing, that would not happen
cloud computing is NOT having all data everywhere (on all devices) - its having access to centralized data from any device - the devices do not hold the data
we are going back to mainframes - the ones that work, don't get hacked and don't get viruses