Because it's the Cloud and we're told the cloud is better and more secure.

In truth the company forced our hand by pricing us out of the on-premise solution and will do that again with the other on-premise we use, which is set to sunset in five years or so.

SaaS is now a "solved problem"; almost all vendors will try to get SOX/SOC2 compliance (and more for sensitive workloads). Although... its hard to see how these certifications would have prevented something like this :melting_face:.