Risk tolerance is the amount of risk that the leadership and stakeholders of an organization are willing to accept. It varies based on asset and you shouldn't make a blanket risk decision about a particular provider; rather, assessments should align with the value and requirements of the assets Ref: Security Guidance v4.0 Copyright2017, Cloud Security Alliance(used for educational purpose here)

Thats the definition of residual risk

Image asset management. Cloud compute deployments are based on master images-be it a virtual machine, container, or other code-that are then run in the cloud. This is often highly automated and results in a larger number of images to base assets on, compared to traditional computing master images. Managing these-including which meet security requirements, where they can be deployed, and who has access to them-is an important security responsibility.
Reference: CSA Security GuidelinesV.4(reproduced here for the educational purpose)

Remember that data security will always remain responsibility of the cloud customer in all service models