Cloud Security FUD - Worrying

Apparently, according to a Computer Weekly article:

http://www.computerweekly.com/news/2240230281/Cloud-FUD-far-removed-from-realities-finds-research?asrc=EM_MDN_34048363&utm_medium=EM&utm_source=MDN&utm_campaign=20140915_Cloud%20FUD%20far%20removed%20from%20reality,%20finds%20research_

there is a lot of FUD surrounding security problems in the cloud.

Let me start by saying that I believe that there are many good ways in which cloud offerings can be secured.  Some will be inadequate, some will be adequate, some will be very good and some will be so secure that it really should be called a private network and not a cloud.

But this article claims that there should be little concern about security.  But its not a good article to prove the premise, in fact it actually does the opposite.

In particular, this line concerns me:  "only 2% of organisations admitted to experiencing a cloud service-related data security breach".

2% admitted to a problem.  That's 1 in 50 companies.  1 in 50.  To me, this heightens concerns about security, it certainly does nothing to make me comfortable.  Given that many organisations may not want to admit to security breaches in a survey, then the number is probably higher than is declared here.  So is it 1 in 25 companies?  1 in 10?

The survey reported in the article appears to be promoted by the Cloud Industry Forum.  I thought this was a reasonably reputable body.  Is this article and the CIF's lack of concern over 2% of companies experiencing data breaches really doing the industry any good?  Or CIF itsself?