My co-worker was reviewing Dropbox as an option for our company's file backup, sharing, and syncing and he came across this language in their privacy policy:
Business Transfers. Dropbox may sell, transfer
or otherwise share some or all of its assets,
including your Personal Information, in connection
with a merger, acquisition, reorganization or
sale of assets or in the event of bankruptcy.
https://www.getdropbox.com/terms#privacy
Perhaps this is a question for a lawyer (maybe we have one reading HN...), but doesn't this give Dropbox too much freedom with my data? Would you still use their service with this policy in place? Am I overreacting??
To do that, and to distribute that data from a single point means that someone other than you have a key to read those data. You will have to protect your data by encryption yourself before uploading.
Perhaps you should evaluate Tarsnap from http://www.tarsnap.com/ which is in public beta as of this writing. It provides a neat backup service and has a publically readable/accessible description of what measures that are taken to protect your data from adversaries. I have not tried it myself, but I happen to know that Colin Percival knows what he is doing.