When your data is controlled by an unknown person in an unknown location, malware distribution becomes an easy task.
Since clients believe that their files were scanned, infecting a corporate network becomes easy. Or do you really believe that corporate security scans every single bit of data all the time??
If McAfee on its own can turn a dual core PC into a brick when is running, just imagine what will happen if it was set to the maximum setting (constant monitoring of I/O). That is what would be required because files can be infected at any time when in the cloud.
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