1) Threats and risks to cloud computing include malicious insiders abusing resources, resource shortages if demand isn't accurately predicted, and loss of direct control over systems which are restricted by the cloud provider's specifications. 2) Data loss or leakage is a risk if important customer data may travel worldwide without knowledge of where it is physically located or consent for international data placement. 3) Additional unknowable risks exist since customers may not be aware of technical issues like complex architectures or business risks such as new laws until problems occur. Thorough due diligence is required to select the best cloud provider and determine if cloud computing is actually needed.