What are the most common security risks in Cloud Computing, and how can they be mitigated?

The biggest security risks in Cloud Computing are Data Breaches, improper configurations, and Insider Threats. There is the necessity of devising mechanisms to mitigate the same through high Encryption, regular security settings, and adaptation of IAM tools that empower permission control. This is most ideally supposed to be followed by continuous monitoring and regular Security Audits to find even the smallest remaining vulnerability before exploitation.