cloud Computing represents most significant paradigms shifts in information technology (IT) history

Chapter 15 – According to Crocker and Smallwood, cloud computing represents one of the most significant paradigms shifts in information technology (IT) history, due to an extension of sharing an application-hosting provider that has been around for many years, and was common in highly regulated vertical industries like banks and health care institutions.  The author’s knowledge from their research continue to assert that, the impetus behind cloud computing lies on the idea that it provides economies of scale by spreading costs across many client organizations and pooling computing resources while matching client computing needs to consumption in a flexible, real-time version.

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Q1: Even with this great news about the benefits of the cloud computing applications, the authors have warned the business user community regarding the dangers associated with cloud computing applications.  Please identify and name these grave dangers/risks that pose as concerns, and briefly support your discussion.