Can the cloud get hacked?

Is it possible for the cloud, a vast and interconnected network of servers and data centers, to be compromised by hackers? With the increasing reliance on cloud-based services for storing and processing sensitive information, such as financial data and personal identities, it's a legitimate concern that many individuals and businesses have. Can the robust security measures in place be bypassed, allowing unauthorized access to this vast trove of data? And if so, what are the potential consequences of such a breach, both for individuals and for the broader financial ecosystem?