Cloud adoption, while beneficial, does come with its own set of risks. These can include data breaches, loss of control over data, vendor lock-in, and potential downtime during migration. To mitigate these risks, it's crucial to have a well-thought-out cloud strategy. This includes choosing a reputable cloud service provider, implementing robust security measures such as encryption and multi-factor authentication, and having a clear understanding of the service level agreements (SLAs) to avoid vendor lock-in. Regular audits and monitoring can also help identify and address issues promptly.