Here's what to consider when choosing the right kind of cloud-based data storage program to fit your company's needs. (Photo: Shutterstock)

Many business owners believe they can transfer cyber risk by moving data to the cloud. In fact, cloud solutions usually don't resolve cyber exposures like data breach or computer attacks. And the additional risk of cloud service outages can result in losses of $1 million or more.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.