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Security issues in cloud computing are ranked high on the list of reasons why many organizations delay considering the computing paradigm for their future plans. There have been numerous discussions about the security problem in cloud computing. In this paper, we take a different stand and discuss the impact that cloud computing will have on offering security. The paper points out the unique aspects of cloud computing architecture and operation and cloud-specific security issues. These cloud-specific issues could have an impact on a number of areas of offering information security. We discuss its impact on Intellectual Property Rights (IPR) protection, organizations extending protection beyond the traditional notion of perimeter defence, and on attack surfaces. We point out how providing security in the new computing paradigm may be affected and that there might be some benefits that the cloud brings to the information security scene. In summary, in this paper, we attempt to initiate discussions around these important issues.