Ransomware can cost firms over $700,000; cloud computing may provide the protection they need

High-profile cybercrime such as data theft, ransomware and computer hacks seem to be occurring more frequently and with higher costs, but cloud computing may provide the security that companies are searching for, experts suggest.

Read Nick McQuire of CCS Insight say that ransomware can cost firms over $70,000 hand how cloud computing can help businesses protect against cyber attacks on CNBC.

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