Risk avoidance is the practice of coming up with alternatives so that the risk in question is not realised.

In most cases, those APIs are both remotely accessible and wrapped into a web-based user interface.
This combination is the cloud management plane, since consumers use it to manage and configure the cloud resources, such as launching virtual machines (instances) or configuring virtual networks. From a security perspective, it is both the biggest difference from protecting physical infrastructure(since you can't rely on physical access as a control)and the top priority when designing a cloud security program. If an attacker gets into your management plane, they potentially have full remote access to your entire cloud deployment.
Ref: CSA Security Guidelines V4

This is a process known as the business impact analysis(BIA). We determine a value for every asset(usually in terms of dollars),,what it would cost the organization if we lost that asset(either temporarily or permanently), what it would cost to replace or repair that asset, and any alternate methods for dealing with that loss.

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

Resource pooling is characteristic that allows the cloud provider to meet various demands from customers while remaining financially viable.