I'd be more concerned to lose data that is stored in the cloud than on my private network.

The adage "there is no cloud, it's just someone else's computer" is still true.

If you are afraid to lose the data on your clients and servers in your private network, improve your backup strategy and make sure to have one backup off premise (in a safe deposit box if needs be).

It doesn't hurt to improve overall security on your private network, either. 😉

I'd be more concerned to lose data that is stored in the cloud than on my private network.

The adage "there is no cloud, it's just someone else's computer" is still true.

If you are afraid to lose the data on your clients and servers in your private network, improve your backup strategy and make sure to have one backup off premise (in a safe deposit box if needs be).

It doesn't hurt to improve overall security on your private network, either. 😉