Completely agree with being careful about who you trust your passwords to, it's not just passwords now either. There's also the so called "cloud" services you can use to store your personal data, bookmarks and documents for free. Thousands of computer users are flocking to these services, but there's a storm brewing in the cloud.

For example, one of the leading cloud storage services is Dropbox. Dropbox were recently discovered to be misleading (aka lying to) their users by giving the impression files stored on their servers were encrypted and only accessible by the user who uploaded them. In fact, while the files are encrypted, they can be read by anyone with access to the encryption key and the Dropbox servers:

http://www.wired.com/threatlevel/2011/05/dropbox-ftc/
http://paranoia.dubfire.net/2011/04/how-dropbox-sacrifices-user-privacy-for.html

The problem was taken so seriously in the US, that the US governments' Federal Trade Commission (FTC) filed a complaint against Dropbox in the courts, for Deceptive Trade Practice (opens pdf): http://www.wired.com/images_blogs/threatlevel/2011/05/dropbox-ftc-complaint-final.pdf

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