[VBprogrammer]

I'm pretty sure many more codebases have been lost through failures to secure internal networks by corporate IT departments than through vulnerabilities in cloud hosting providers.

[ProAm]

I agree. I was speaking more about security than we blew up our own code repository. Everyone has the ability to light their own house on fire.

[Fogest]

I think he is referring to many people failing to secure their networks and having code stolen. It can be just as insecure, if not worse than a cloud provider if done wrong.