Yes, we're still concerned about storage security. Jim Hamm writes, "For your possible interest, here is an article about storage security -- or lack thereof -- in the cloud. For reasons mentioned in the article, I don't, and wouldn't, store passwords in the cloud. I wouldn't even use a Password Manager to store passwords in the cloud."
http://www.computerworld.com/s/article/9241553/No_your_data_isn_t_secure_in_the_cloud?taxonomyId=223&pageNumber=1