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“When you consider that most companies use the cloud, they have a serious exposure to business interruption losses,” Timothy Zeilman, vice president for HSB, said in a statement. “ “When you consider that most companies use the cloud, they have a serious exposure to business interruption losses,” Timothy Zeilman, vice president for HSB, said in a statement. (Photo: iStock)

Three-quarters of U.S. businesses use the cloud for data storage, and almost half have had a service interruption with losses, in some cases totaling up to $1 million or more, a survey for The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has found.

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at djacob@alm.com.

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