ABSTRACT Cloud computing is clearly one of todays most enticing technology areas due, at least in part, to its cost-efficiency,

flexibility & reliability options for users and scalable sales for providers, especially as recession-hit institutions are increasingly cost conscious. However, despite the surge in activity and interest, there are significant, persistent concerns about cloud computing hat are impeding momentum and will eventually compromise the vision of cloud computing as a new IT procurement model.

In this paper, we characterize the problems and their impact on adoption. We discuss security issues for cloud computing including storage security, data network security and we take some topics and discuss them in more detail. In particular, we argue that with continued research advances in trusted computing and computation-supporting encryption, life in the cloud can be advantageous from a business intelligence standpoint.