The straight answer to this is Yes, and here’s why.
With Cloud Storage, your data isn’t stored locally within your business walls. This doesn’t stop it from being any less secure; if anything, it is considerably more so. The top Cloud storage services such as Microsoft OneDrive, Google Drive and Amazon Drive all host their data storage servers in “data warehouses” distributed across the globe. These are secure locations that very few people have access to and require high-level security clearances to operate.
Your data is automatically backed up across these warehouses as an added benefit, ensuring redundancy that most businesses struggle with when using on-premise solutions.