There's a difference between a fact and a possibility
"the fact is that a properly run cloud service provider likely has better resources, and a more robust security infrastructure."
Now there is a sentence that hangs on contradiction. What's the "fact,", what is "properly run,", and what is "likely."
If the "fact" is that a CSP with perfect reliability, perfect security, and certified better resources than some random organization, that's true. Please define perfect reliability, perfect security and better prices than an "average" organization. Just one name is all I need. Oh, and a contract that says they are responsible for all liabilities, both direct and consequential, that result from such failure.
I'll wait for the call....