Using Cloud Storage
Today, most businesses and people use cloud storage in one way or another. For the average person, the cloud stores photos, documents, and other information from their cell phone or computer. Businesses can use cloud storage to hold massive volumes of data without taking up local space.
Cloud storage has undoubtedly changed the way information is kept and accessed. With this advance in technology, there comes a new set of risks.
Risks of the Cloud
When using the cloud to store information, it is crucial to recognize the risks and how to protect your business. Cloud data is easily shareable and accessible from multiple devices via a password and username. When login details are compromised, large amounts of information are left vulnerable to hackers.
Additionally, using a computer service to store your business information can become an issue if the cloud provider experiences a system failure. If the cloud suddenly went offline, any stored data would be impossible to access for a given time, causing a business interruption issue.
Protecting Your Cloud Data
The convenience the cloud provides is tremendous, but be sure to know the associated risks. Cyber liability insurance helps protect your business from any issues that could arise when using cloud storage.
Contact Steve Longenecker (303-808-9351, x2) at Mountain Insurance: Longmont to discuss your commercial insurance coverage options in Longmont, CO, or our neighboring communities.
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