Unauthorized access to sensitive data is the primary concern. It might do harm to one's finances and reputation.
There is a risk of data loss which can disrupt your business operations. Data loss can occur due to accidental deletion or cyber-attacks, etc.
Account hijacking is an additional danger. Your cloud accounts may be targeted by attackers, which could lead to data theft and illegal transactions.
Your APIs run the danger of being exploited if they are badly built. Unauthorized access and data breaches may result from this.
Overloading cloud services can make them unavailable, causing significant business interruptions.
Exploits in shared resources can affect multiple cloud customers, leading to widespread damage.