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Security experts SADA claimed to have found a severe vulnerability in the Google Cloud Platform which has since been patched by the tech giant.

Known as Asset Key Theft, the vulnerability would have potentially allowed threat actors to steal the private keys of Google Cloud Service Accounts. In a statement (opens in new tab), SADA said it believed the flaw "would have given attackers a persistent and reliable method for abusing a Google Cloud environment."

SADA notified Google of the issue in its cloud hosting business via its Bug Hunters (opens in new tab) bounty program, where researchers can alert the tech giant to flaws they find in its products in a safe and secure manner.

SADA believed that the issue was critical "due to the permissions commonality with third-party cloud security tools, such as Cloud Security Posture Management (CSPM) tools, to gather cloud inventory data from the API."

The flaw was found in the Google Cloud Platform API known as the Cloud Asset Inventory API. It affected all Google Cloud users who had enabled this API and who had cloudasset.assets.searchAllResources permissions on the applicable Google Cloud environment were exposed to this vulnerability.

Once SADA reported this to Google, it reproduced the error itself to confirm its existence, before patching the vulnerability. SADA warns, however, that customers still may have been impacted by it, and the threat may have persisted after the patch.

Supporting our customers as they transform their organizations in the cloud means constant vigilance when it comes to security, says SADA CTO Miles Ward. No public cloud is immune from vulnerabilities, and we all must act fast, collaborate openly, and communicate transparently when we spot a vulnerability."

"We commend Google Cloud for how quickly and thoroughly they responded when we brought this bug to their attention. Were proud of the work SADAs engineers put into ensuring that our customers data remains safe."

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Security experts found a major bug in Google Cloud - TechRadar

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ReportLinker

Cloud computing is an emerging technology that allows users to share resources to maximize the use of IT resources. To speed up the networking and development processes, businesses are implementing new technologies, including artificial intelligence, the internet of things (IoT), and mobile app hosting.

New York, April 20, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Cloud Managed Network Market Size, Share & Industry Trends Analysis Report By Component, By Vertical, By Organization size, By Deployment Mode, By Regional Outlook and Forecast, 2022 - 2028" - https://www.reportlinker.com/p06449940/?utm_source=GNW In addition, any corporation employee can use the internet due to cloud computings vast scale processing capability. "Cloud networking" refers to using wide-area networking to centrally access all networking resources.

Many programs, including network administration, virtual desktops, voice-over-internet protocol (VoIP), and unified networks, are run on enterprise servers. The managed cloud networking infrastructure guarantees data transmission security and anonymity, as well as high availability of data that is always accessible to users. To maintain network performance on cloud networking, businesses can move their entire network operation to the cloud using a managed cloud platform.

To enhance their data transmission and communication network performance, businesses are anticipated to embrace private cloud & public cloud platforms. A managed cloud platform is provided by several businesses for the creation, deployment, and administration of applications. The market for cloud managed network is anticipated to be driven by the increase in demand for cloud networking to enhance productivity and streamline application deployment.

Managed cloud networking platforms simplify networking by lowering the complexity and expense of distributed organizational deployments. As a result, cloud networking gives businesses a chance to spend less money upfront on IT networking resources. A managed cloud platform with cutting-edge capabilities, including hosting, relational databases, elastic computing, object storage, and artificial intelligence, is anticipated to be used by businesses. These capabilities are anticipated to introduce a fresh approach to cloud computing applications.

COVID-19 Impact Analysis

The most notable development in the data center industry has been the robust demand for providers of essential services, such as video conferencing applications like cloud collaboration platforms, Zoom, social media platforms, educational portals, VPN specialists, and gaming and streaming media. Despite this, just after the initial months, the cloud services saw an upsurge in demand, positively impacting the cloud managed network market. Thus, the market witnessed a slowdown during the initial months of COVID but eventually profited afterward.

Market Growth Factors

Growing adoption of AI & ML supporting market expansion

A significant portion of automated, real-time smart decisions for shifting traffic among clouds is already being fulfilled by AI. With their autonomic-oriented algorithms, AI and ML are expected to serve as the orchestrators of the enterprise WAN of the future. Instead of reacting to problematic network conditions like packet loss, latency, and jitter, AI will use its predictive abilities to direct traffic to the optimum circuits and paths, comprehending the purpose of the application and consistently providing a dependable user experience. As a result, the cloud managed network market is predicted to expand significantly throughout the projection period.

Cloud managed networks are easy to set up, manage and configure

"virtual stacking" enables IT administrators to set ports en masse on internet-connected switches, regardless of where these switches are physically located on the planet. Administering IT infrastructure via the cloud necessitates less investment in on-premises setup, resulting in a substantial decrease in personnel expenses. As a result of these advantages of cloud managed networks and the lower staff cost, businesses are becoming increasingly interested in implementing cloud managed networks, which would lead to the expansion of the market. This would lead to the expansion of the market.

Market Restraining Factors

Data privacy & security concerns associated with cloud managed networks

MSPs can assist enterprises in maintaining appropriate safety and privacy precautions for the data deployed via the cloud. In addition, they provide comprehensive network protection & encryption for their clientele as an added layer of safety. It is anticipated that a lack of awareness about cloud managed networking solutions among businesses in developing countries, particularly in rural areas or places where information technology services and network connectivity are unavailable, will be a main hindrance to the expansion of the market.

Component Outlook

Based on component, the cloud managed network market is segmented into solution and services. In 2021, the solution segment held the highest revenue share in the cloud managed network market. Businesses are progressively adopting cloud managed solutions to enhance their business processes and provide more responsive services to their consumers. In addition, advantages such as cost savings, better efficiency and flexibility, and less downtime have contributed to the rise in demand for cloud managed network solutions.

Deployment Model Outlook

By deployment model, the cloud managed network market is bifurcated into private cloud and public cloud. In 2021, the private cloud segment garnered a significant revenue share in the cloud managed network market. Private clouds are designed for special groups or organizations that need data customization and management. Corporations use a private cloud because it offers a highly secure and centralized storage infrastructure. The segments expansion will be driven by the need to enable firms to better handle their data, hence reducing the risk of data loss and compliance-related difficulties.

Organization Size Outlook

On the basis of organization size, the cloud managed network market is classified into large enterprises, and small & medium enterprises. In 2021, the large enterprise segment witnessed the largest revenue share in the cloud managed network market. By constantly reinventing their products and services, these businesses strive to enhance the consumer experience. Managed cloud services provide an end-to-end hosting solution that guarantees consumers a consistent supply of services. Managed service providers in the cloud offer robust infrastructure & digital transformation support to satisfy the expanding business needs of an organization.

Vertical Outlook

Based on vertical, the cloud managed network market is fragmented into IT & ITes, BFSI, retail & e-commerce, healthcare & life science, transportation & logistics, manufacturing, media & entertainment, energy & utilities, and other verticals. The BFSI segment recorded a remarkable revenue share in the cloud managed network market in 2021. By evaluating transactional data to estimate risks based on market activity and scoring customers and future clients, the BFSI industry effectively evaluates risks and enables enterprises to make better decisions. As a result of altering evolving technologies, consumer expectations, and alternative business models, banks are putting in place measures that will help them prepare for the future.

Regional Outlook

Region wise, the cloud managed network market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region led the cloud managed network market by generating the largest revenue share. The expansion is mostly related to growing investments by key firms and the government in cloud service usage. In addition, increasing internet penetration and cloud use are other aspects anticipated to boost the markets expansion.

The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Cisco Systems, Inc. and Huawei Technologies Co., Ltd. are the forerunners in the Cloud Managed Network Market. Companies such as Accenture PLC, Hewlett Packard Enterprise Company, and IBM Corporation are some of the key innovators in Cloud Managed Network Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), NTT Data Corporation, Hewlett Packard Enterprise Company (HP Development Company L.P.), Juniper Networks, Inc., Accenture PLC, Fujitsu Limited, NEC Corporation and Extreme Networks, Inc.

Strategies Deployed in Cloud Managed Network Market

Mar-2023: Huawei introduced Digital Managed Network Solutions and products intended for carriers B2B services. The new network solution enables carriers to grasp digital transformation opportunities. The new solution features managed LAN, managed WAN, managed security, and managed DCN, among others.

Feb-2023: Hewlett Packard Enterprise acquired Athonet, an Italy-based developer of a connectivity platform. The acquisition expands HPEs edge-to-cloud products and solutions offerings.

Jun-2022: Cisco collaborated with Kyndryl, a US-based information technology company. Through this collaboration, the companies intend to jointly develop new networks, edge computing solutions, private cloud services, etc.

Apr-2022: Fujitsu introduced Fujitsu Computing as a Service (CaaS). The new solution would provide clients with access to services on the public cloud.

Apr-2022: NTT Data took over Business Services & Technologies OOD, a Bulgaria-based provider of software solutions. The addition of Business Services & Technologies expands NTTs global managed services capabilities and further expands its shoring offerings in the European Union.

Feb-2022: IBM took over Neudesic, a US-based provider of application development and cloud computing services. The addition of Neudesic broadens IBMs portfolio of hybrid multi-cloud services and further complements IBMs prior acquisitions.

Feb-2022: Juniper Networks took over WiteSand, a US-based operator of a cloud-based enterprise network platform. The addition of WiteSand advances the companys efforts to offer next-generation NAC solutions. Further, the WiteSands NAC technology and engineering team perfectly fits well with Junipers AI-driven enterprise portfolio.

Jul-2021: Accenture completed the acquisition of Linkbynet, a France-based provider of outsourcing and consulting services. The addition of Linkbynet improves the capabilities of Accenture Cloud First.

Aug-2019: Extreme Networks acquired Aerohive Networks, a US-based developer of cloud networking and enterprise Wi-Fi solutions. The acquisition of Aerohive enables Extreme to provide various choices for cloud and on-premises wireless and wired technology.

Scope of the Study

Market Segments covered in the Report:

By Component

Solution

Services

By Vertical

IT & ITeS

BFSI

Manufacturing

Retail & Ecommerce

Media & Entertainment

Healthcare & Life Sciences

Transportation & Logistics

Energy & Utilities

Others

By Organization size

Large Enterprises

SMEs

By Deployment Mode

Public Cloud

Private Cloud

By Geography

North America

o US

o Canada

o Mexico

o Rest of North America

Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

Cisco Systems, Inc.

IBM Corporation

Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)

NTT Data Corporation

Hewlett Packard Enterprise Company (HP Development Company L.P.)

Juniper Networks, Inc.

Accenture PLC

Fujitsu Limited

NEC Corporation

Extreme Networks, Inc.

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The Global Cloud Managed Network Market size is expected to reach $39.9 billion by 2028, rising at a market growth of 10.4% CAGR during the forecast...

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Cybercrime has skyrocketed in the last few years, and the websites of small and medium-sized companies have been the most frequent target of web attacks.

The statistics are sobering: Small businesses report substantial downtime and lost data and business from those cyberattacks, and fewer than 30% are able to recover from a cyberattack within eight hours.

Most website owners dont know how to protect their sites. That makes a reliable and secure hosting environment critically important. In an ideal world, that would mean having full control over your services while remaining fully protected from outside breaches.

Thats where SPanel can help.

See the Top Web Application Firewalls (WAFs)

SPanel is an all-in-one cloud management solution developed by the team behind ScalaHosting, this articles sponsor. It was created to enable businesses to grow their websites in a secure environment. The platform uses the latest software technologies to achieve maximum performance.

SPanel integrates easily with most popular web server solutions, such as LiteSpeed, OpenLiteSpeed, and Nginx. It runs as an Apache proxy, meaning that websites get the best possible speeds. For PHP processing, SPanel supports the latest PHP and MySQL/MariaDB versions. In addition, it comes with Memcached installed, which also helps with fast content caching.

The Admin interface allows for server and accounts management. It also shows the system load, memory and disk usage, as well as IP reputation.

To sum up, SPanel is lightweight, easy to use, and free. But is this enough?

Cloud virtual servers prove to be the best environment for SPanel. The cloud technology allows users to get the most of their server resources and further improve their security. Pairing that up with a lightweight and multifunctional platform means you can take full advantage of your virtual server.

SPanel gives users a centralized point of control. Thanks to its integration with Softaculous, anyone can install web building apps in just a few clicks, no tech knowledge needed.

Developers and web studios get to enjoy even more features. They can change SPanels branding with their own, get usage reports, and download or view the Apache and PHP logs. Also, webmasters can manage:

Users can also create packages with predefined resource limits, view resource usage, automate accounts management, and more.

With cybercrime rising and website owners not prepared to protect themselves, ScalaHosting made sure SPanel comes with top-notch security features, some unique to the platform. Those security features set SPanel apart from competitors like cPanel and DirectAdmin.

SShield monitors all website activity 24/7. It blocks 99.998% of threats before they reach the server. The platform carefully collects information about attacks, makes a report, and notifies the site owner.

SShield relies on AI-based algorithms and advanced machine learning to protect websites. When it encounters a new attack, the platform learns from itself and updates its database. Unlike other solutions, SShield doesnt block access to the affected account; it allows the owner enough time to fix the issue without affecting website uptime.

As WordPress is used by 43% of all websites, SPanel contains the unique SWordPress Manager. The tool is included in the platform by default and offers a one-of-kind security feature: Security Lock. When it is activated, it effectively locks all files and directories. No one can modify data or upload files, so the website is fully protected from unauthorized access.

The S at the end of an HTTP connection indicates a Secure Sockets Layer (SSL). This certificate is actually a digital data file installed on web servers to verify their identity. SSL also protects confidential data (for example, payment details), improves SEO rankings, and inspires trust.

SPanel offers free SSL certificates that automatically renew to avoid any service interruptions.

SPanel accounts also get free daily backups to a remote server. Users can restore the data at any time from SPanel. All information is archived and can be accessed easily.

The user interface also features a Backup manager that enables users to do manual backups. It also allows them to easily restore and download the saved information. Incremental local and remote backups can be scheduled hourly, daily, weekly or monthly.

You can set optional expiration dates on your backups so SPanel automatically removes them to free up disk space.

Two-factor authentication verifies your identity using your username/password and another method. Most often, the tool sends a confirmation code to the users smartphone.

Admins can enable the two-factor authentication feature by going to the SPanel Admin interface and clicking Server Settings. Then its a matter of simply switching the toggle next to 2FA to On.

SPanel.io recently released new licensing plans allowing SPanel to be used with any web hosting vendor.The fully-managed option comes with the control panel, free website migration, support from the SPanel team, and more. The self-managed one comes with only an SPanel license. It works on both virtual and physical servers and is renewed on a monthly basis.

You can see the full list of features on the official SPanel website, which also lists pricing.

SPanel is a good option for easy hosting management and creating a secure environment for your website. Thanks to its security features, such as the SShield, SWordPress Manager, and daily offsite backups, website owners can focus on what truly matters developing their business. The platform can handle the rest.

Read next: Application Security: Complete Definition, Types & Solutions

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SPanel: Taking Website Security to the Next Level | eSecurityPlanet - eSecurity Planet

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What you need to know to secure your business cloud Many organisations are not taking sufficient security precautions once they start migrating to the cloud, and it can cost them dearly, by Evans Kangethe, Senior Solutions Architecture at Dimension Data East Africa.

In 2021, McKinsey found that cloud adoption by US Fortune 500 organisations could generate about USD 1 trillion in value by 2030. Late in 2022, they extended this forecast to Forbes Global 2000 organisations, which bumped up the figure to USD 3 trillion by 2030.

The cloud is clearly becoming the engine of enterprise operations. Yet, despite this growing dependence on the cloud, one important topic is often overlooked: security.

Some organisations have a limited understanding of cloud hosting and dont know how to secure their cloud workloads, while others believe that security is solely the duty of the cloud service provider. Either way, the absence of proactive security measures leaves them vulnerable to potentially serious breaches.

In the financial services industry, for example, a breach could affect business continuity and disrupt services such as mobile money, internet banking and e-commerce platforms damaging brand perception and loyalty, and ultimately leading to customer attrition.

Organisations that want to migrate services to the cloud need a specific cloud strategy to support these goals and their overarching business objectives yet many dont. Their adoption of cloud computing is instead driven by less well-considered reasons: We should move operations to the cloud because our peers or competitors are doing it, so it must be a good thing. Or, even worse: We allocated funds to this in our budget that must now be spent.

Security should be a key element of any cloud strategy. For reasons of accountability and liability, cloud service providers adopt a model of shared responsibility with their clients, depending on the type of cloud computing service theyre providing infrastructure as a service, platform as a service or software as a service. So, the cloud strategy must set out the client organisations security obligations within a secure-by-design architecture that proactively mitigates risk.

The threats associated with cloud computing include:

Another risk area is legal and regulatory compliance. Under the European Unions General Data Protection Regulation (GDPR), for example, even less severe infringements can lead to a fine of EUR 10 million or 2% of a firms annual revenue, whichever is higher, or up to EUR 20 million or 4% of a firms annual revenue for more serious violations. In our globalised society, most countries have now put in place legislation on data protection and privacy.

Assurance the process of ensuring that customers receive the services they have paid for smoothly and effectively is also a vital area, as it limits interruptions to company operations. This means services must be accessible when they are needed, and data that is saved or processed in the cloud should not be intercepted or changed without accountability. Most importantly, only employees with the appropriate access rights should be able to access the data.

Therefore, organisations cloud strategy and security policies must address these issues.

Who looks after what in cloud services?

The shared responsibility for security in cloud-based ecosystems is typically divided as follows:

Organisations can address cloud security issues in several ways, but it can become a pricey exercise both financially and in terms of potential security breaches.

Automation can help to maintain consistent security levels across rapidly changing on-premises and cloud-based environments, while allowing organisations to meet their goals for time savings, agility, scalability and cost-effectiveness.

In this way, they can automatically monitor cloud-based applications and infrastructure on major platforms (including Google, Microsoft, AWS, SAP, Oracle Cloud Infrastructure and Verizon), continually improve their security posture and maintain their compliance with data and security regulations.

The cloud delivers many advantages to organisations, but it also comes with unique security challenges. Cloud-based infrastructure is very different from on-premises data centres, and traditional security tools and strategies do not apply.

Thats why, at Dimension Data, we have tailored a range of managed cloud infrastructure services including Managed Public Cloud, Managed Private Cloud and Managed Infrastructure Services that cover all your organisations cloud needs, end to end. We have more than two decades of experience and accredited expertise in a variety of cloud environments and well find the cloud solution thats best for your organisation.

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What you need to know to secure your business cloud - ITWeb

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