Here is an interesting article by Phil Britt
Cloud Security vs. Security in the Cloud: What’s the Difference?
Similar sounding cloud security has a very different meaning
Cloud security and security in the cloud sound like they could be different ways of saying the same thing, but they are two separate forms of security.

The former refers the safety of the cloud itself for running applications, storing data and processing transactions. This is a concern of more companies as they try to leverage the low-cost advantages of cloud security solutions without compromising corporate or customer information.
Security in the cloud, on the other hand, refers to using the cloud to provide security solutions for an enterprise. Like sales (e.g., Salesforce.com) and other applications operating in the cloud, security in the cloud benefits from one installation for several users rather than the need to install the application on every end device. For complete article see here
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