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Cozumel

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Firewall in the cloud

My internet service provider suggested to host my firewalls for me. Are there any risks to replace on premise firewalls with a hosted one. I don't have technical stuff in my remote offices so it's great to not to have too much eqipment there. But am not very familiar with the risks associated with this and the SP is just trying to sell their services so will be great to get a second opinion esp from someone who has done this before.
Thank you!
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