I think it's a very relevant bar, though. The top level commenter made points about "a business of just about any size", which seems pretty exactly aligned with "most corporate stuff".
Except that one time...
https://www.seattlemet.com/news-and-city-life/2023/04/how-a-...
So yes, the cloud is very secure, except for the very thing that makes it the cloud that is not secure at all and has just been papered over because questioning it means the business model is bust.
I would just consider all your hosted data to be easily available to any security-related state agency; consider them already having a copy.
By doing so, you share nothing with your hosting provider, you only rent rack space / power / connectivity.
Sure I do have an AUP/T&C but without proper warrant no one is allowed to touch my server.
Case is monitored if it's opened. Encrypted on start-up, USB disabled. I just wished I had my own /24.
You should only do it if you expect to multihome though, or you're doing some experimentation that absolutely needs a PI address. Please don't pollute the default-free zone just for no reason.
1. big clouds are very lucrative targets for spooks, your data seem pretty likely to be hoovered up as "bycatch" (or maybe main catch depending on your luck) by various agencies and then traded around as currency
2. you never hear about security probems (incidents or exposure) in the platforms, there's no transparency
3. better than most coporate stuff is a low bar