First setup of my Nextcloud Box

As a security proponent, I fail to see the resistance to using a commercial cloud when it comes to ensuring the security personal information. With enough motivation one can still physically break into someone's home and take their personal cloud devices. I could encrypt the data, but the same applies to the data on a commercial cloud. Regardless of having a personal cloud, you're banking information and other personal information is still out there under the control of some other organization / business.

That said, I do have a personal cloud of my own, but not for security reasons ( I do apply security measures). I have one for quicker access to the data when I'm home, and to avoid the monthly costs associated with the amounts of data I own. If someone wants to see my pictures, videos, and such, good luck sorting through it. The personal data I would require protection for really isn't that much and easy to keep in more secure locations.

I also use commercial cloud services, which one cannot avoid putting some elements of personal data in the cloud without enjoying the capabilities provided by technology today. I should also note that a lot government and commercial networks whitelist what you can access on the web and the chance of your IP getting added to it vs Google Drive I would say is extremely low.

In the end, my banking is protected, in the fact that the bank will not force me to pay those charges incurred through identity theft, I don't keep secrets on my computers (nor do I have any personal ones of any value), and I have credit monitoring/protection. My house and car are insured and I practice safe Internet surfing with a reasonable amount of security products installed on my computing devices. What people need to ask themselves is why would I be a target? Assess the risk based on that threat, and determine the cost and return on that investment.