Security implications of Cloud can be classified as per above layers. Let us take a close look at them on by one. (a) Cloud Application Layer. The users access the services provided by Cloud application layer (normally referred to as Software as a Service – SaaS) through web interface and pays fees to use them. It reduces the hardware requirements on user’s end to get better performance for resource-intensive applications. Security and availability are two deployment issues obstructing its extensive implementation. Cloud providers need to deal with end-users’ concern about security and safety of confidential data, authentication and authorization, up-time and performance, backup and disaster recovery and provide reliable service level agreements (SLAs) for their Cloud applications. (b) Cloud Software Environment Layer. Referred as Platform as a Service – PaaS, it is used by Cloud application developers.

Issues here are. automatic scaling, load balancing, integration with other service involving authentication etc. (c) Cloud Software Infrastructure Layer. It provides resources to higher-level layers, which construct new Cloud software environments or Cloud applications. Services offered by this layer can be categorized into: computational resources, data storage and communications. Security of the services, their availability and quality are among the most commonly addressed concerns for them. Providing other security mechanisms for service oriented architectures is a rich area of research with little focus so far from the SOA and security communities. (d) Software Kernel: It provides the fundamental software management for the physical servers that make the Cloud. (e) Hardware and firmware: It forms the backbone of the Cloud.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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