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Data is ever increasing in the computing world. Due to advancement of cloud technology the dynamics of volumes of data and its capacity has increased within a short period of time and will keep increasing further. Providing transparency, privacy, and security to the cloud users is becoming more and more challenging along with the volume of data and use of cloud services. We propose a new approach to address the above mentioned challenge by recording the user events in the cloud ecosystem into log files and applying MAR principle namely 1) Monitoring 2) Analyzing and 3) Reporting.