A survey of bank executives recently revealed that cloud computing is a top-five spending priority and eight out of ten respondents said they plan to increase their cloud computing investments. In response to this, the FDIC has announced plans to transition to cloud computing. However, the FDIC's Office of Inspector General has issued a report criticizing the FDIC's plans, citing a lack of risk assessment and inadequate security measures. Banks should take heed of this warning and ensure that their cloud computing investments are secure and properly managed.