In an era of ubiquitous broadband, smart-phones, and users who manage multiple computers and devices, it just makes sense to move your email, photos, documents, calendar, notes, finances, and contacts to awesome web applications like Gmail, Evernote, Flickr, Google Docs, Mint, etc.
But transferring your personal data to hosted web applications may have its potential pitfalls, risks that get lost in all the hype around cloud-centric new products like Google's new Chrome OS etc.(No personal offense :)
But with the good comes the bad.When you decide to move your data into the cloud, there may be some gotchas..
So what are the problems that can arise in cloud computing?
Personal interpretations will be better rather than picking up some risklist from google :P