This VM has a public IP and an open port 80, which violates the company's security requirements of no public IPs and no insecure ports/protocols. It also exposes the VM to potential attacks from the internet. This VM should be updated first to use a private IP and close the port 80, or use a secure protocol such as HTTPS.
References[CompTIA CySA+ Study Guide: Exam CS0-003, 3rd Edition], Chapter 2: Cloud and Hybrid Environments, page 67.[What is a Public IP Address?][What is Port 80?]