"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.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

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