Any centralized, aggregated data will attract both good and bad guys. The responsibility of safeguarding data also falls on individuals. We are also a party to the whole episode.
I used to watch lots of MKV and AVI vids, but in the last 5 years it's been mostly low quality Flash streaming and I don't hoard media any more. I prefer immediate viewing to waiting for a high def download.
On the other hand, I still hoard lots of Gb of mp3 files. No change there, but I can't use Spotify in my country.
http://www.tonido.com/blog/index.php/2010/06/19/pioneering-p...
The articles in this blog are few years old. But makes much more sense in current context.