Cloud computing is spreading around the world with leaps and touching every part of communication era with Internet technology. Rapid growth of the communication techniques and devices are adding the requirements to bind all of these devices under one hood. Cloud is becoming a perfect solution for the same. With this rapid penetration of cloud computing in human life creating many new challenges such as very high requirements of the security, load balancing, congestion control etc. Almost every researcher is focusing their current work to meet out these requirements of clouds to fit their work in the new cloud environment. Security over the cloud has been the challenge from the very initials of the cloud computing emergent. Security conventionally is being taken as a mechanism to incorporate availability, authentication, repudiation, isolation etc. Since cloud environment is being provided to the users on the pay per basis therefore cost management is also required alongwith the security measures to be applied with cloud computing. This paper proposes to provide a high security mechanism with low cost for the applications developed on the SaaS layer of the cloud. For simulation and result generation E-Learning for cloud has been taken as the application and simulation results shows that the cost is reduced even with the incorporation of the high security algorithm for the cloud.
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