From the Document: "What is the cloud? In general, the cloud is the concept of remotely hosted IT [information technology] services, termed cloud apps, provided by a supplier. These suppliers are called cloud providers. Typical cloud apps offered by cloud providers include email, calendar, documents, online storage, sales, customer service, and more. [...] Using business apps in the cloud has widely recognized advantages: you save money by paying for only the IT computing resources you need, you can ramp up (or ramp down) computing resources quickly without capital investment, and you can increase your reach to employees and users anywhere on the planet. This paper will (1) describe the risks you should understand and look for when partnering with cloud providers and (2) describe actions you can take to mitigate these risks."
2012 Carnegie Mellon University. Produced for US-CERT, a government organization.
United States Computer Emergency Readiness Team: https://www.us-cert.gov/