With iOS 8, we finally can store all of our files and photos on iCloud. I can't wait to start using iCloud Drive and eagerly await the new Photos app for Mac. I would much rather pay Apple for seamless cloud solutions compared to my current third-party monthly storage providers.
However, if someone gains my Apple ID password, they can easily access all of my information and remotely wipe all of my devices. This is a huge concern of mine.
Apple launched two-step verification a few years ago, but it's not implemented everywhere. For example, someone can sign on to icloud.com without needing to use this verification step.
My hope is that Apple looks into this, and adds a secondary level of security, such as rotating between security questions upon logging in, adding nearby device support for two-step verification or using TouchID to authenticate users on other iOS / OS X devices.
welcome to cloud based storage, like that everywhere. part of why you should still use a physical device for precious data..doesnt matter if you have 10 step verification, database breeches can still happen ie sony's psn & others..