What if the cloud server corrupts your data in transfer or worse shuts down its server without notification. It can and has happened.
For example, I had a cloud backup went to get it and the server could no longer be found. That was with Dropbox mind you. I lost 10gb of important files because of it. Never trust just one source of backup. Always have a secondary just in case.
It appears that has been corrected. As of 0810 central daylight savings time U.S.