Yes, you just can't have data in one copy if you care about it. It's a cliche at this point: There are two kinds of people... those who do backups and those who will. I upgraded involuntarily long time ago.

In a world where almost no individual has good backup discipline, cloud storage has helped them stave off the data reaper much longer than they would have alone.

Two or more copies is still the inescapable rule, but having a cloud store is preferable to no cloud store.