The document discusses security concerns with the Software as a Service (SaaS) layer of cloud computing. It notes that the SaaS layer is vulnerable to attacks due to access by users. Several recent security breaches involving SaaS products from Microsoft, Panda Security, and McAfee are summarized. The document concludes that SaaS applications in public clouds are susceptible to vulnerabilities and outlines some criteria like reliability, effectiveness, and privacy that should be considered when developing secure SaaS solutions.