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Cloud endpoint security: Considerations for cloud security services

A vendor just released what it calls a "cloud-based endpoint security solution" for the enterprise. I've seen a number of similar offerings recently that offer network scanning, configuration management and the like, but I'm concerned about things like availability, latency and, frankly, overall reliability. Is this the wave of the future, or do I have a legitimate concern with any cloud endpoint security service that promises to secure enterprise endpoints?

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