When it comes to cloud-related risks, the first things that comes to mind are security issues related to the storage of sensitive data.
As a result, few people had likely anticipated the situation experienced today by the customers of British datacentre service provider 2e2.
They were informed at the end of January that 2e2 was going bankrupt and were asked them to transfer their data with another company. So far, so good. But... 2e2 also demanded that they pay (dearly) to contribute to the stricken company's running costs during the transition period, else they would be denied access to their own data.
When it comes to choosing a cloud service provider, making sure of its financial soundness is now as important as checking how it handles data security.