"show me the money" comes to mind . Companies that don't embrace the cloud are doomed to irrelevancy in the broader marketplace.
You are correct that many companies have jumped on the cloud bandwagon with a promise of lower costs and expectation that "the cloud provider will take care of all the details". Which, as you and I know, is not necessarily true. The need to secure and protect one's data does not go away just because the data is "in the cloud" aka the computer you don't own.
It's amusing to see the reaction in the faces of CFOs when they see the bill for cloud services thinking they were going to save all that money. Or the reaction of business owners and CIOs when data's been lost, compromised, or the series goes down when in the cloud.
The more things change, the more they stay the same...