The company I work for is looking into moving our financial databases to a hosted environment. Among the many problem I see are that the financial databases will be on a shared SQL server, meaning that this server will also contain databases of 50 other hosted companies. Additionally, the hosting provider will have admin rights to the server.
I see this as a huge security risk but for some reason I cannot find any supporting documentation. My Google Fu is weak today. Can anyone point me in the right direction or am I overreacting?