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DDoS attacks shifting to VPS infrastructure for increased power – BleepingComputer

April 13, 2023 | Author: admin

Hyper-volumetric DDoS (distributed denial of service) attacks in the first quarter of 2023 have shifted from relying on compromised IoT devices to leveraging breached Virtual Private Servers (VPS).

According to internet security company Cloudflare, the newer generation of botnets gradually abandoned the tactic of building large swarms of individually weak IoT devices and are now shifting towards enslaving vulnerable and misconfigured VPS servers using leaked API credentials or known exploits.

This approach helps the threat actors build high-performance botnets easier and often quicker, which can be up to 5,000 times stronger than IoT-based botnets.

"The new generation of botnets uses a fraction of the amount of devices, but each device is substantially stronger," explains Cloudflare in the report.

"Cloud computing providers offer virtual private servers to allow start ups and businesses to create performant applications. The downside is that it also allows attackers to create high-performance botnets that can be as much as 5,000x stronger."

Cloudflare has been working with key cloud computing providers and partners to crack down on these emerging VPS-based threats and says it has succeeded in taking down substantial portions of these novel botnets.

In general, Cloudflare reports steady DDoS activity in the first quarter of the year, with a notable 60% YoY increase in the ransom DDoS attacks, representing 16% of all recorded/reported DDoS attacks.

These extortion-based DDoS attacks cause service outages to the target by bombarding them with garbage traffic and continue indefinitely until the victim meets the attacker's demands.

The most targeted country by DDoS attacks in general during Q1 '23 was Israel, followed by the United States, Canada, and Turkey. Internet services, marketing, software, and gaming/gambling were the most targeted sectors.

The most significant attack seen by Cloudflare this quarter peaked above 71 million requests per second. Another notable incident was a 1.3 terabits per second DDoS attack targeting a telecommunications service provider in South America.

In terms of the size and duration of the attacks, most of them (86.6%) lasted for under 10 minutes, while 91% did not exceed 500 Mbps.

However, the number of larger attacks is still growing, with attacks surpassing 100 Gbps, recording a rise of about 6.5% compared to the previous quarter.

DDoS attacks can manifest in many ways, and as defenses evolve to address them, attackers may devise new methods or return to old tactics that newer protection systems may not prioritize anymore.

In this quarter, Cloudflare recorded the following emerging trends:

DDoS attacks in Q1 2023 show a trend of increasing in size and duration, targeting a broad range of industries. Therefore, effective defense strategies require automated detection and mitigation solutions.

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Identity Management Day advice: This is not a one-time project – IT World Canada

April 13, 2023 | Author: admin

Who are you? is one of the first questions when we meet strangers.

Its also the first question a security system asks when anyone tries to access a network. Without verified identity, access is denied.

Yet identity management and its twin, access management is still a huge problem. According to the 2022 Verizon Data Breach Investigations Report, 40 per cent of the 3,875 incidents it looked at involved the use of stolen credentials.

According to a survey of 100 IT and security pros done last year for identity provider Radiant Logic, 61 per cent reported that their business views identity management as too time-intensive and costly to manage effectively on an ongoing basis (although almost the same number agreed it is of vital importance).

These numbers should be kept in mind because today is the annual Identity Management Day, observed on the second Tuesday in April. Its a day when IT leaders should think about their identity and access management strategy or lack of one.

As part of the event today, the U.S.-based Identity Defined Security Alliance is holding a day-long webinar, while Canadas IdentityNorth starts a two-day online symposium on Wednesday.

As we celebrate Identity Management Day, IdentityNorth wants to emphasize the importance of advancing trust in all aspects of identity management, said Krista Pawley, digital transformation and inclusion leader and event co-chair of Identity North. This includes trust in data, building trust with users, and future-proofing IT systems. With sensitive information at risk, building digital trust must be a top priority for IT managers.

According to the Identity Defined Security Alliance, this is a day to raise awareness about the dangers of casually or improperly managing and securing digital identities.

Account management is important enough that it ranks Number Five in the Center for Internet Securitys Top 18 security controls and access control management is Number Six.

Treat identity management like a plan, not a one-time project, urges Geoff Cairns, a principal analyst in Forester Researchs security and risk practice.

Identity management starts, Cairns said, with having executive buy-in to having a plan that recognizes not everyone can access everything. Some employees will have access limited by their roles.

Briefly, experts say, this means management agreeing to a zero-trust approach to security: Dont trust everyone who can log into the network. There has to be regular authentication for accessing sensitive assets.

Access to data or an application can be through role-based access control (based on a users role) or attribute access control (everyone in the human resources department can access a project management tool), or both. The IT leader will have to find a solution that automates provisioning.

This is followed by security control Two: Inventory and rank your software assets because management cant decide what employees and customers can access if doesnt know the data it holds.

Then follow access control best practices and policies to limit access to data to only those who need it.

In some circumstances, notes access provider StrongDM, the principle of least privilege doesnt provide the necessary flexibility that certain situations require. For instance, a help desk associate may need a temporary elevation of privileges to troubleshoot a customers urgent ticket. One way to enforce identity and access management best practices, yet still support the principle of least privilege without compromising user experience, is by leveraging just-in-time access.

A vital step in identity management, Cairns said, is limiting identity sprawl making sure that identities are revised when staff changes roles and revoked when they leave the organization. Thats where identity governance regularly auditing usage and reducing unnecessary standing permissions can pay dividends, he said.

Password management is another step. Although passwordless solutions such as biometrics are increasingly being used by organizations, experts say passwords will be with us for some time. So a login password or passphrase policy is a good place to start. This is especially important if the organization uses single-sign-on tools. Adding multifactor authentication either biometric or sending a one-time code these days is vital. Look for phishing-resistant MFA.

Finally, dont forget that machines such as sensors, servers, PCs, smartphones or POS devices may need identity management as well as people.

Chris Hickman, chief security officer of Keyfactor, notes that Googles initiative to shorten digital certificate lifespans to 90 days from 398 days will complicate identity management. On the one hand, the shorter the window of opportunity to use a stolen certificate, the greater reliance a system can put on the authenticity of the device or workload presenting that digital credential. On the other, its a significant jump and would require a higher degree of automation to manage frequent updates, or significantly more manual labor to keep up, he said in an email.

The biggest mistake IT or identity leaders make is trying to do everything at once, Cairns said. Break down things into chunks that you can prioritize. Getting your arms around what you have your user base, user population, the different roles and attributes is at the top of the list.

Another big mistake is expecting a technical process to solve what is fundamentally a process problem, he added. Identity management depends on a solid strategy and plan that covers people, business processes and technology.

Identity Management Day underscores the importance of protecting our digital identities now that identity-related data breaches are becoming more frequent, said Stuart Wells, chief technology officer of Jumio. Organizations and the public alike must adjust to the current cyber threat landscape and take action by securing and responsibly managing their digital identities. After all, identity-related information remains one of the most coveted data by hackers, and commonplace security measures like passwords, two-factor authentication and knowledge-based authentication are no longer enough to keep data safe. Although cybersecurity is enhanced and developing daily to safeguard data, cybercriminals continue to find new and better ways to access it.

It is crucial for IT and security teams to effectively manage and regularly safeguard all digital identities in their environment, as most breaches today start with compromised identities, said Kevin Kirkwood, deputy chief information security officer of LogRhythm. The best chance of defending against fraudsters trying to access sensitive data is for organizations to deploy the requisite level of security that supports identity access management (IAM) solutions along with enabling consistent identity and single sign-on(SSO) through SIEM (security information and event management) integration.

Hackers dont break in; rather, they log in, said lmog Apirion, chief executive officer and co-founder of Cyolo. So, when we talk about enterprises, we need a shift into a robust zero-trust framework to protect all forms of user data. Identity-based access control enables businesses to strengthen their security posture while also gaining visibility and control over the access to their most critical systems.

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Standing up for democratic values and protecting stability of … – Microsoft

April 13, 2023 | Author: admin

The explosive growth of private cyber mercenary companies poses a threat to democracy and human rights around the world. Cyber mercenaries private companies dedicated to developing, selling, and supporting offensive cyber capabilities that enable their clients to spy on the networks, computers, phones, or internet-connected devices of their targets are a real cause for concern. These tools have been used to target elections, journalists, and human rights defenders and are increasingly accessible on the open market, enabling malicious actors to undermine our key democratic institutions.

At Microsoft, we believe that digital technology has incredible potential to improve lives across the world, support democracy, and protect and promote human rights. That is why, at the second Summit for Democracy, we were proud to join the international coalition of over 150 companies that make up the Cybersecurity Tech Accord individually and collectively pushing back on the cyber mercenary market by committing to a set of industry principles.

We are also acutely aware that to have real impact, we must pair our commitment with action. Microsoft has disrupted the operations of Knotweed and Sourgum, two cyber mercenary groups targeting victims around the world. Today, we are taking further action. In partnership with security researchers from The Citizen Lab of the University of Torontos Munk School, we have tracked the malware used by an Israeli cyber mercenary we refer to as DEV-0196. The malware has been used to target communities including journalists, NGO workers, and politicians. Microsoft is sharing information about DEV-0196 with our customers, industry partners, and the public to improve collective knowledge of how cyber mercenaries operate and raise awareness about how cyber mercenaries facilitate the targeting and exploitation of civil society. Technical information for customers and the security community is available here.

Combating the threat of cyber mercenaries is a collective effort and we are grateful for our ongoing partnership with Citizen Lab. It shows the impact we can have when we work together. The Cybersecurity Tech Accord principles that members of the technology community have signed onto is also an important step. As the technology industry builds and maintains the majority of what we consider cyberspace, we as an industry have a responsibility to limit the harm caused by cyber mercenaries. A more detailed breakdown of the principles is available on the Cybersecurity Tech Accord website, but at a high level, signatories commit to:

These principles answer President Bidens call for the technology industry to come together and push against the challenges our societies face. They also come at a critical time. There is growing awareness of the existence of cyber mercenaries and an increased and welcome focus by policymakers on both sides of the Atlantic on the issues related to spyware. At the same time, those debates have only touched the tip of the proverbial iceberg. Recently, the Carnegie Endowment for International Peace identified at least 74 governments that have contracted with such firms to specifically gain spyware and digital forensics technology. This is likely an underestimate.

Moreover, it is only a matter of time before the use of the tools and technologies they sell spread even further. This poses real risk to human rights online, but also to the security and stability of the broader online environment. The services they offer require cyber mercenaries to stockpile vulnerabilities and search for new ways to access networks without authorization. Their actions do not only impact the individual they target, but leave whole networks and products exposed and vulnerable to further attacks. We need to act against this threat before the situation escalates beyond what the technology industry can handle.

Multistakeholder collaboration will be essential in combatting this threat. Much of what we know about cyber mercenary tactics has come from the tireless work of those in the civil society that have drawn attention to individual cases of abuse and supported the victims of cyber mercenaries innocent citizens around the world. We hope that industry action will help reverse a worrying trend and encourage governments, in particular democracies, to do more as well. We were therefore pleased to see the Biden Administration take the first steps in this arena with its Executive Order to Prohibit US Government Use of Commercial Spyware that Poses Risks to National Security and the follow-on Guiding Principles on Government Use of Surveillance Technologies supported by 44 Summit for Democracy participating states. We hope other countries follow suit in identifying ways to curb this dangerous market.

Tags: cyberattacks, cybersecurity, Cybersecurity Tech Accord, cyberwar

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Cloud is key to 2023 strategy for 95% of businesses in APJ, but vast … – PR Newswire

April 13, 2023 | Author: admin

JAKARTA, Indonesia, April 12, 2023 /PRNewswire/ -- Akamai Technologies, Inc.(NASDAQ: AKAM), the cloud company that powers and protects life online, today revealed that 95% of channel partners agree that cloud computing is a key priority for their customers' 2023 strategy. However, not all businesses plan to or are able to invest heavily in the space. Willingness to spend varies greatly, with 27% planning to spend below 20% of their IT budget on cloud and 33% planning to spend above 40% of their budget.

Results are based on a survey of 386 respondents across Australia and New Zealand (ANZ), Japan, China, India, Singapore, and South Korea. The survey was conducted to glean insights into partners' perspectives on IT budget priorities, and their customers' 2023 cloud strategy.

"In our conversations with partners, we see that organizations are walking the fine line between investing in cloud as well as being frugal in light of the macroeconomic headwinds. We believe the solution lies in working with a developer-friendly cloud and compute ecosystem that can offer them both flexibility and cost-effectiveness, while avoiding bill shock," explained Tatsuya Suzuki, Regional VP, APJ Carrier and Channel, Akamai.

"Even as the industry landscape continues to evolve and increase in complexity, Akamai seeks to accelerate the ambitions of our partners as they help their customers harness the potential of the cloud. We will offer expanded product roadmaps in the new year, across the areas of cloud, security, and delivery to achieve the overarching goal of making life better for billions of people, billions of times a day," concluded Suzuki.

Understanding cloud priorities across the region

Upon analysis of country-specific data, Akamai's findings revealed significant differences in the willingness to spend on cloud despite an overarching agreement on the importance of cloud technology.

Specifically, Vietnam (31%), Indonesia (27%), and India (23%) had the highest percentages in terms of respondents who said the proportion of IT budget spent on cloud would be 60% and up.

Conversely, Thailand (50%), Japan (49%) and Taiwan (40%) had the highest percentages for respondents who indicated that the proportion of IT budget spent on cloud would be below 20%.

Market Data Points

"While most organizations acknowledge the importance of cloud, many are apprehensive about investing their IT budgets in this technology, given concerns of costs and how this will affect other overarching IT priorities. These sentiments are clear from the latest insights we have gathered from our partners, and this is why Akamai is investing heavily in scaling our cloud computing capabilities," explained Suzuki.

"We believe that organizations need more options for their cloud needs, particularly those that are easy to use and developer friendly with transparent, attractive pricing, and we are able to provision for these needs with Akamai Connected Cloud," he continued.

In February, Akamai announced Akamai Connected Cloud, a massively distributed edge and cloud platform for computing, security, and content delivery. As part of the announcement, Akamai plans to launch four new enterprise-scale core cloud computing sites across APJ in Chennai, Osaka, Jakarta, and Auckland by the end of 2023. Additionally, Akamai has identified more than 50 cities globally in which it plans to begin rolling out distributed sites this year, bringing basic cloud computing capabilities into difficult-to-reach locations currently underserved by traditional cloud providers.

Partners speak out on priorities for 2023

Most partners, including Wangsu, a China-based company that provides content delivery network and Internet data center services, are seeking a user-friendly public cloud solution, coupled with a transparent pricing structure.

"With Akamai Connected Cloud, we really benefited from lower prices as a result of being able to reduce the cost of high outbound traffic. Equally important is that we have been able to save time while achieving our key objectives given the flexibility of the network pool and low traffic costs," shared Mingwei Zhang, Alliance Department Director, Wangsu, China.

Meanwhile, security continues to be an overarching priority for partners, with the rise of data breaches in the past months.

"In the coming months, we are likely to see an increase in the number and sophistication of cyber-attacks and larger scale data breaches, causing more disruption. There is also a risk of complacency from breach fatigue. Many organizations will focus on improving the security of their supply chain as part of ensuring positive business outcomes," explained Mark Trumble, APAC Head of Portfolio - Cyber Security, Fujitsu Australia, and New Zealand.

To account for these challenges, partners are increasingly looking to provide a range of products and services for customers that embed different layers of security and in-depth defense.

"Akamai is supporting our customers and partners with our security solutions, including Edge DNS, a global, highly scalable domain name system (DNS) service offering security, resilience from Distributed denial of service attack (DDoS) events, and high DNS responsiveness. As a result, we are able to observe trillions of DNS requests daily and have clear visibility on the latest developments in the threat landscape," explained Dean Houari, Director of Security Technology and Strategy, APJ, Akamai.

"We remain committed to protecting our customers and partners and staying ahead of attackers by blocking requests leading to domains serving malware and phishing sites that could steal data," concluded Houari.

Logo - https://mma.prnewswire.com/media/384815/3979745/Akamai_v1_Logo.jpg

SOURCE Akamai Technologies, Inc.

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Managed Hybrid Cloud Hosting Market is expected to represent … – Digital Journal

April 13, 2023 | Author: admin

PRESS RELEASE

Published April 11, 2023

New Jersey, N.J, April. 11, 2023 (Digital Journal) Managed Hybrid Cloud Hosting Managed Hybrid Cloud Hosting is a service that allows businesses to combine the benefits of both public and private clouds. With this service, businesses can enjoy the scalability and flexibility of the public cloud, while still retaining control over their data and applications. Managed Hybrid Cloud Hosting also provides businesses with the security and performance of a private cloud. Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors.

Get PDF Sample Copy of this Report @:

https://a2zmarketresearch.com/sample-request/961391

Managed Hybrid Cloud Hosting Market is growing at a +17% CAGR during the forecast period 2023-2030. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market

Top Companies of this Market includes:

This report provides a detailed and analytical look at the various companies that are working to achieve a high market share in the global Managed Hybrid Cloud Hosting market. Data is provided for the top and fastest growing segments. This report implements a balanced mix of primary and secondary research methodologies for analysis. Markets are categorized according to key criteria. To this end, the report includes a section dedicated to the company profile. This report will help you identify your needs, discover problem areas, discover better opportunities, and help all your organization's primary leadership processes. You can ensure the performance of your public relations efforts and monitor customer objections to stay one step ahead and limit losses.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Managed Hybrid Cloud Hosting market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Managed Hybrid Cloud Hosting market.

The cost analysis of the Global Managed Hybrid Cloud Hosting Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

Global Managed Hybrid Cloud Hosting Market Segmentation:

Market Segmentation by Type:

Market Segmentation by Application:

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Reasons for buying this report:

Table of Contents

Global Managed Hybrid Cloud Hosting Market Research Report 2023

Chapter 1 Managed Hybrid Cloud Hosting Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Managed Hybrid Cloud Hosting Market Forecast

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About A2Z Market Research:

The A2Z Market Research library provides syndication reports from market researchers around the world. Ready-to-buy syndication Market research studies will help you find the most relevant business intelligence.

Our Research Analyst Provides business insights and market research reports for large and small businesses.

The company helps clients build business policies and grow in that market area. A2Z Market Research is not only interested in industry reports dealing with telecommunications, healthcare, pharmaceuticals, financial services, energy, technology, real estate, logistics, F & B, media, etc. but also your company data, country profiles, trends, information and analysis on the sector of your interest.

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Managed Hybrid Cloud Hosting Market is expected to represent ... - Digital Journal

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Vebsiko Hosting Offering Forever Free Cloud Web Hosting, and upcoming products will launch with solutions of – EIN News

April 13, 2023 | Author: admin

Start Forever Free Cloud Web Hosting over Speed Optimized Secure Cloud Platform, quickly install 20+ Web applications completely free. Explore the features!

The Forever Free plan consists of 2 domains or 2 subdomains with 2 databases, and 1GB of disk space (extend free up to 5GB on user request). The plan is managed and you get a plethora of features along with the plan including:

Free SSL & CDN Unlimited Traffic & Bandwidth Web Security with Malicious Virus Scan WAF Management Git management Auto update Tools, Apps & Software Host & Upload Custom Websites Host 20+ Applications in one click SEO Toolkit & Advisor DNS Management (Custom DNS Creation) FTP, phpMyAdmin & Server Panel Access One Click Clone & Staging of Websites Daily Backups & quick recovery Easy-to-use interface & Server Panel Speed Optimized Hosting Activity & Access Logs Free Website Migrations 24x7 Email & Chat Support To know more about the features, check out the Cloud Hosting Plan features.

Free WordPress Hosting is aimed at those who want to use WordPress. The free plan consists of 2 domains or 2 subdomains with 2 databases, and 1GB of disk space (extend free up to 5GB on user request). With each of the WordPress plans (including the WordPress Free plan), you will get the same features as above mentioned for Cloud Hosting Plan.

Free WooCommerce Hosting also includes the WooCommerce Free plan. The free plan consists of 2 domains or 2 subdomains with 2 databases, and 1GB of disk space (extend free up to 5GB on user request). Just like other free plans, you also get access to extensive WooCommerce features including Cloud Hosting Plan Features.

Other Available Products - Domain Registration or Transfer, Premium SSL Certificates & SEO Tools

Upcoming Products Roadmaps - 1. Premium Business Email Hosting 2. Multiregional Cloud VPS & Light VPS 3. Vebsiko Digital Marketing Solutions 4. Transactional Email Solutions 5. Static Website Hosting in Cloud 6. E-commerce 3S - A speed-optimized global solution for high-traffic websites, to handle "sudden traffic spikes, DDoS & Brute Force attacks & mobile speed, CWV" 7. Enterprises Solutions - Custom Cloud configurations & setup for Enterprise level Customers.

At Vebsiko Hosting we can take you on an exciting digital journey every step of the way. We can connect you to the digital world so that you can reach out to potential customers, easily and professionally. Websites arent just for businesses either, you might want to have your own personal website or a blog, and we are here to point you in the right direction. The services we have at our fingertips have every need covered.

Abhishek SinghVebsiko Hostinginfo@vebsiko.netVisit us on social media:FacebookTwitterLinkedIn

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Liquid Web Study Reveals Factors Helping Business Growth – PR Newswire

April 13, 2023 | Author: admin

Scaling Businesses Prioritize Employee Benefits, Filling Skills Gaps, & IT Investments

ATLANTA, April 12, 2023 /PRNewswire/ -- Liquid Web, the market leader in cloud hosting solutions for small to medium-sized businesses (SMBs), recently released its study on business success in the COVID-19 era. The findings show which factors have contributed to business growth over the last five years.

Insights show companies experiencing growth during the study period focused on improving employee work environments, outsourcing when necessary, and scaling IT infrastructure.

"We recognize that scaling a business is difficult, especially with the complications of COVID-19 over the last several years, so it's no surprise that staffing and IT challenges have surfaced," said Terry Trout, Senior Vice President, Marketing at Liquid Web. "It's why we've created a wide portfolio of fully managed hosting solutions for SMBs and packaged it with expert support. We can be an extension of their team, monitoring and managing their servers, patching security vulnerabilities, and correcting issues before they are aware. We're more than an expense on their IT budget. We're a partner in their success."

Key study findings from the five-year growth period:

Participants in the study are U.S.-based business owners, partners, and C-level executives. Participants came from companies with fewer than 5,000 employees that identified as scaling a business within the last five years.

For more information, visitWhat Pandemic-Era Success Can Teach Us About Growing a Business.

About Liquid Web

Building on 25 years of success, our Liquid Web Family of Brands delivers software, solutions, and managed services for mission-critical sites, stores, and applications to SMBs and the designers, developers, and agencies who create for them. Liquid Web (Managed Hosting),Nexcess(Digital Commerce Cloud), andStellarWP(WordPress Software and Tools) have more than 500,000+ sites under management, over 100,000 software subscribers, and 2 million+ free version software users. Collectively, the companies have assembled a world-class team of industry experts, provide unparalleled service from solution engineers available 24/7/365, and own and manage ten global data centers. As an industry leader in customer service, the rapidly expanding brand family has been recognized among INC. Magazine's 5000 Fastest-Growing Companies for 12 years. Learn more about theLiquid Web Family of Brands.

Contact

Jackie Cowan[emailprotected]

SOURCE Liquid Web

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2 Cloud Stocks That Are Still Growing Fast – The Motley Fool

April 13, 2023 | Author: admin

Cloud-based companies that sell to businesses are dealing with customer bases that are looking for ways to cut costs. Hiring freezes, layoffs, and other cost-cutting measures are becoming commonplace. For cloud infrastructure and software providers, this means customers are taking a hard look at their current suppliers and potentially putting the brakes on adopting new products.

Growth for cloud companies in general is going to be slower overall this year than it was during the pandemic. But that doesn't mean there aren't good opportunities for investors. Two cloud companies that have managed to maintain solid growth rates despite a tough economy are cloud infrastructure provider DigitalOcean (DOCN -2.25%) and data platform Snowflake (SNOW 0.34%).

Here's why investors should consider these fast-growing cloud stocks.

There's a big market for simple and affordable cloud infrastructure. Developers and small businesses often don't have the time, resources, or desire to wade through the mess of options, features, and products on a platform like Amazon Web Services. And they certainly don't want a surprise cloud bill, the result of opaque and hard-to-predict pricing schemes.

DigitalOcean puts simplicity first, with just enough products and services to handle the needs of its customers. There's no laundry list of overlapping and redundant products, and pricing is easy to understand.

This simplicity has resonated with DigitalOcean's customers. Revenue jumped 34% year over year in 2022 thanks to a combination of new customers and increased spending from existing customers. The company's net dollar retention rate stood at 112% in the fourth quarter, and the average monthly revenue per customer shot up 22% to just over $80.

DigitalOcean's growth is expected to slow a bit this year, not surprising given the state of the economy. The good news is that the company still sees revenue rising about 23% from 2022. That's nothing to sneeze at, and growth should reaccelerate once the economic environment shifts in a more favorable direction.

One part of DigitalOcean's growth strategy is to use acquisitions to bolster its platform, all the while keeping simplicity front and center. The company acquired Nimbella in 2021 and leveraged that company's tech to launch a serverless functions product; it acquired managed cloud hosting provider Cloudways in 2022 to expand its portfolio of high-value and low-maintenance solutions; and it acquired upstart SnapShooter in January to offer its customers a dead-simple backup product and expand its data-related revenue.

DigitalOcean has been successful because it does things differently than the cloud giants. It doesn't try to offer every imaginable service, and it doesn't go after every type of customer. Instead, the company is laser focused on the basic building blocks of cloud computing and offering customers easy, managed, no-fuss solutions. That strategy is working, and while growth is temporarily slowing down, DigitalOcean is on a path to become a much larger company over the next decade.

Large enterprises often have critical data spread across on-premises infrastructure and multiple cloud platforms. That data comes in different flavors, some structured, some semi-structured, and some entirely unstructured. Making the best use of this data requires a platform capable of ingesting, aggregating, and analyzing all of it. That's Snowflake in a nutshell.

You only have to look at Snowflake's financial performance to understand how popular the platform has become for enterprises. Revenue soared 54% year over year in the fourth quarter, and Snowflake's net revenue retention rate stood at an impressive 158%. Once a customer adopts Snowflake's platform, they tend to rapidly grow their spending.

Snowflake has nearly 8,000 customers, and 330 of them have spent at least $1 million over a 12-month period. Snowflake does expect growth to slow this year as customers react to a tough economic environment, but the company is still calling for a 40% rise in product revenue for the current fiscal year. Other subscription software and cloud companies are being hit much harder by the macroeconomic environment, a testament to the stickiness and importance of Snowflake's platform.

Snowflake is an expensive stock to be sure. Its forward price-to-sales ratio sits around 17, and the company hasn't yet produced profits according to generally accepted accounting principles (GAAP). But free cash flow is squarely positive, and the company is confident enough to roll out a $2 billion share buyback program.

If you're looking to invest in the cloud and want the absolute best growth prospects available, Snowflake is the obvious choice.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Timothy Green has positions in DigitalOcean. The Motley Fool has positions in and recommends Amazon.com, DigitalOcean, and Snowflake. The Motley Fool has a disclosure policy.

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2 Cloud Stocks That Are Still Growing Fast - The Motley Fool

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Just because on-prem is cheaper doesnt make the cloud a money pit – The Register

April 13, 2023 | Author: admin

Comment With cloud costs expected to rise over the next year, you might be considering moving your applications back on-prem or to a colocation facility after all, it worked for 37Signals.

Earlier this year, the Basecamp project management and Hey email developer revealed the $3.2 million cloud hosting bill that spurred its decision to ditch the cloud and rack up its own servers instead.

It's an attractive prospect, especially if your workloads are predictable. The general consensus here is that the ability to rapidly spin up or down additional resources makes the cloud a good choice for bursty or unpredictable applications. But, as soon as compute demands stabilize, the cloud stops making as much sense, and tossing a couple servers in a rack ends up being a lot less expensive. Dropbox figured this out when it ditched AWS back in 2016, and was a central argument at the heart of 37Signals' decision.

The tricky part, of course, is that momentum is hard to overcome, and once the data is in the cloud, the high cost of migration egress fees in particular means it's often easier to leave where it is.

However, as the Uptime Institute recently pointed out, while some business models will benefit from what they described as cloud repatriation aka moving workloads back on-prem it's not as simple as 37Signals or Dropbox might have you believe.

"Very few organizations are moving away from the public cloud strategically let alone altogether," Uptime analyst Owen Rogers wrote in a recent blog post.

What's more, the analysts report that many of the same forces driving up cloud costs are negatively impacting colos and private datacenters too, which means the savings made from ditching the cloud may not be as large as enterprises are expecting.

The reason is multifaceted, but it's rooted in ongoing supply chain issues, increased labor and energy costs, as well as a lack of cheap capital which has been compounded by inflation.

Another factor likely to drive up datacenter costs, according to Uptime, are sustainability mandates. Some jurisdictions, including Amsterdam and Singapore, have enacted efficiency mandates on datacenters. The European Commission also is working to roll out datacenter efficiency mandates of its own, while in the US, several state governments, including Oregon, are weighing similar measures.

Depending on how stringent these requirements are, the cost of building datacenters could go up considerably as operators are forced to change how they build facilities and deploy compute. And in what should surprise no one, operators aren't exactly thrilled about it. Last month, local media in Oregon reported that cloud provider Amazon was pushing back against a proposed law that would force greenhouse gas reductions and fine datacenters that failed to meet sustainability mandates.

These factors combined, Uptime argues, mean that building and running datacenters is going to be more expensive moving forward. And we don't expect colocation facilities are going to eat the higher cost of doing business. More likely, they're going to pass those costs onto their customers in the form of more expensive leases or maintenance fees.

For the time being, Uptime notes on-prem and colocation datacenter hosting is still less expensive than the cloud. However, that doesn't mean that everyone should follow 37Signals' or Dropbox's lead.

The reality, the analysts contend, is this isn't a black-and-white, all-or-nothing issue where folks have to make a decision whether to use the cloud or not. "Some applications can be migrated to the public cloud and perform as expected at an affordable price; others may be less successful," Rogers wrote.

According to Uptime, one of the common threads connecting 37Signals, Dropbox, and other examples of cloud repatriation isn't just that their compute and storage needs scaled predictably, but they may not have been able to take advantage of cloud services, like data analytics, to derive additional value.

"If a cloud analytics service one that would otherwise be time consuming and costly to deploy privately could use this data source to help create drugs or treatments, the price would probably be worth paying," Rogers explained.

Another element worth pointing out is management. For smaller deployments, the cloud may end up being less expensive than hosting the service on-prem or in a colocation facility if doing so requires additional staff to manage it. As we've previously reported, datacenter operators are already struggling to fill positions.

With that said, several colocation providers have rolled out services designed to make deploying compute in their facilities feel less like renting a rack and more like a bare-metal cloud. For example, both Equinix and Cyxtera offer self-service portals for provisioning bare-metal servers, networking, and all manner of software.

Despite these options, and lower prices, it's unlikely enterprises will abandon the cloud altogether. According to Uptime's annual datacenter capacity survey, just 6 percent of respondents said they were giving up on the cloud altogether. Instead, analysts expect that hybrid approaches involving a mix of on-prem and cloud deployments will continue to the norm.

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Top 15 WPX Competitors and Alternatives – Business Strategy Hub

April 13, 2023 | Author: admin

WPX is a leading hosting provider based in Sofia, Bulgaria. Terry Kyle and Georgi Petrov founded the company in 2013 to deliver a fast-loading hosting service for WordPress sites.

Website owners can access WPXs managed WordPress hosting on shared servers via three paid plans.

The pricing starts from $20.83 per month to $83.25 per month. All three options offer robust features, including WordPress installation, SSL certificates, DDoS protection, CDN, email addresses, staging, plugins, layouts, and site speed optimization. [1]

WPX offers a high-performance hosting solution for WordPress websites. The main reason website owners use WPX is its fast-loading capabilities. However, it also provides innovative features to address the common SEO challenges on hosted WordPress websites.

First-time users can access free site migration services to move everything from the current host to their new WPX hosting account. Moreover, WPX performs website backups daily and allows website owners to retrieve lost or damaged files free of charge.

However, the company faces stiff competition from Kinsta, Cloudways, WP Engine, SiteGround, A2 Hosting, GoDaddy, and Bluehost. [2]

Here is an in-depth analysis of WPXs top 15 competitors and alternatives:

Year founded:2013 Headquarter:Los Angeles, California

Kinsta is a cloud hosting provider and one of the fastest-growing players in the sector. It offers managed WordPress hosting powered by Google Cloud Platform. In 2022, Kinsta had over 55,000 users and 100,000 live customer projects.

Kinsta and WPX offer managed WordPress hosting, but Kinsta was the first cloud hosting service powered by the Google Cloud Platform. Users can choose from over 35 data centers spread across the globe to boost website loading speed.

In Nov 2022, Kinsta launched new Application and Database Hosting solutions to expand beyond WordPress. Both enable developers and businesses to run robust applications, websites, databases, and services. Kinsta is the top WPX competitor and alternative. [3]

Year founded:2011 Headquarter:Sliema, Malta

Cloudwaysis a managed cloud hosting solution provider that caters to agencies, bloggers, e-commerce, and developers. According to G2, Cloudways has a 4.8-star rating from 399 customer reviews.

Cloudways hosts managed WordPress websites in five cloud servers, including DigitalOcean,Google Cloud, AWS, Linode, and Vultr. Like WPX, Cloudways offers automated backups and fast load speeds.

However, Cloudways users can choose different cloud servers to cut costs or meet unique website hosting needs. For example, website owners pay $10 per month to host on DigitalOcean servers and $33.18 per month for Google Cloud servers. This flexibility in pricing increases Cloudways competitive advantage over WPX. [4]

Year founded:2010 Headquarter:Austin, Texas

WP Engine is a leading WordPress technology company. Like WPX, WP Engine offers WordPress hosting, but the company also provides other solutions, including WPs Local for WordPress site development, the Genesis theme framework, andAtlas Content Modeler.

WP Engine is renowned for its traditional and headless managed WordPress offerings. In Jun 2022, the company acquired five developer-centric tools for WordPress from Delicious Brains. These plugins includeACF,WP Migrate,WP Offload Media,WP Offload SES, and Better Search Replace.

Around 4 million users have installed these tools on their websites, making WP Engine one of the best WPX alternatives. [5]

Year founded:2004 Headquarter:Sofia, Bulgaria

SiteGround is a Bulgarian web hosting company. It offers shared hosting, cloud hosting, enterprise solutions, email hosting, and domain registration. In 2022, the platform hosted over 2.8 million domains worldwide.

SiteGround offers three paid options with robust features.Customers with only one website can subscribe to the StartUp plan with 10GB SSD storage space and bandwidth to support around 10,000 monthly visitors. Advanced tiers support unlimited websites and offer more storage space and bandwidth.

Like WPX, SiteGround also provides security tools, a monitoring system, and SSL certificates in every plan. SiteGround is a worthy WPX alternative. [6]

Year founded:2003 Headquarter:Ann Arbor, Michigan

A2 Hosting is a high-performance WordPress, virtual private server (VPS), dedicated, and reseller hosting provider.

It combines its SwiftServer and Turbo Servers to ensure web pages load 20 times faster than standard hosting. In Jan 2023, A2 Hosting had 110,000 customers from 223 countries.

The main competitive advantage of A2 Hosting is its wide variety of hosting services. Site owners can access shared and managed WordPress hosting, unmanaged and managed VPS or dedicated hosting, and shared reseller hosting.

Like WPX, A2 offers domains, SSL certificates, email, and free website migration. Its paid plans range from $10.99/m to $749.99/m. In Jan 2023, A2 Hosting was ranked #4 in the US News 360sBest Web Hosting Service list. A2 is one of the top alternatives to WPX. [7]

Year founded:1997 Headquarter:Tempe, Arizona

GoDaddy is a publicly traded company that provides Internet domain registration and web hosting services. It helps entrepreneurs start, grow, and scale their businesses. In Dec 2021, GoDaddy had over 6,600 employees and more than 21 million customers worldwide.

GoDaddy offers more than web hosting. Businesses can use the platform with user-friendly tools to build online stores, sell products and services, and accept payments.

In Q3 2022, GoDaddy expanded its relationship with AWS to allow customers to migrate workloads and development to the cloud. GoDaddy is a worthy WPX competitor. [8]

Year founded:2003 Headquarter:Orem, Utah

Bluehost is a leading web hosting provider and a subsidiary of Endurance International Group. Within seven years of its inception, the platform had over 2 million domains. It offers shared, WordPress, VPS, and dedicated hosting services.

Bluehost offers more hosting services than WPX and combines its website management tools and cPanel to boost user experience and functionality.

In Nov 2022, Bluehosts Online Store + Marketplace won the BIG Award in the New Product of the Year category. This e-commerce solution helps small businesses build online stores without writing a single code. Users can manage inventory across multiple marketplaces, making Bluehost one of the best WPX alternatives for hosting e-commerce websites. [9]

Year founded:2010 Headquarter:San Francisco, California

Pantheon offers a SaaS website operations (WebOps) platform for open-source Drupal and WordPress websites. Users can access its solutions on a monthly subscription basis. In 2022, Pantheon had around 370 employees.

Pantheons app-specific platform combines web hostingand management services and cloud-based web development tools. Developers can use Drupal 7, Drupal 8, Drupal 9, WordPress, or profile installations likeOpen Atrium.

The main advantage of Pantheon is its free-to-use open-source offering. In May 2022, Pantheon was recognized in the Forrester Research Now Tech: Agile Content Management Systems (CMS). Pantheon is one of the top alternatives to WPX. [10]

Year founded:2010 Headquarter:Seattle, Washington

Hostwinds is a web hosting service with 99.9% server uptime and unlimited storage on all plans. The company offers VPS, cloud, and dedicated server hosting.

Hostwinds provides services for businesses and individual consumers. Both options use similar pricing tiers, but business packages offer fast loading speeds with Litespeed web servers.

Like WPX, Hostwinds delivers free SSL certificates, backup services, and network optimization tools, making it a worthy WPX alternative for small businesses. [11]

Year founded:1997 Headquarter:Lansing, Michigan

Liquid Web is a leading cloud hosting and software solution provider for small to medium-sized businesses (SMBs). It offers high-performance managed hosting. In 2022, the company hosted over 500,000 sites and supported 175,000 software subscribers.

Both Liquid Web and WPX offer WordPress hosting, but Liquid Web also provides digital commerce cloud via Nexcess, WordPress tools via StellarWP, and enterprise WordPress agency via Modern Tribe.

In 2022, Liquid Web had more than 2.5 million free version software users. Liquid Web is one of the top alternatives to WPX for small and medium-sized businesses, agencies, designers, and developers. [12]

Year founded:1988 Headquarter:Montabaur, Germany

IONOSis Europes largestweb hosting company. It has more than six million customers across 18 markets in Europe and North America. In Aug 2021, the company rebranded from 1&1 IONOSand1&1 Internet to IONOS Inc.

WPX and IONOS provide web and cloud hosting, domain registration, SSL certificates, and email services; however, IONOS also offers a website builder, VPS, and dedicated servers.

In 2022, IONOS was the leading web-hosting provider in Germany, Spain, the UK, France, and Poland, and it seeks to expand its footprint in North America in 2023. Currently, IONOS is the top WPX competitor and alternative in Europe. [13]

Year founded:2001 Headquarter:Virginia Beach, Virginia

InMotion Hosting provides web hosting, managed services, and cloud-based solutions. Like WPX, InMotion Hosting offers WordPress, VPS, and shared hosting, along with its dedicated servers and OpenStack private clouds.

The main benefit of using InMotion Hosting is its competitive money-back guarantee policy. First-time subscribers get a 90-day free trial before upgrading to paid tiers with affordable pricing. For example, InMotions Pro plan provides unlimited storage, email addresses, and a dedicated IP for $13.99/month.

This option supports unlimited websites and superfast loading speed and performance, making InMotion Hosting an affordable alternative to WPX. [14]

Year founded:1996 Headquarter:Los Angeles, California

DreamHost is a New Dream Network company that provides web hosting and domain name registration. It offers shared WordPress and VPS hosting solutions for large-scale projects. According to the DreamHost website, the companys paid plan starts at $2.59/month.

Both DreamHost and WPX provide WordPress hosting. Additionally, website owners can subscribe to DreamHosts DreamPress to access managed hosting and dedicated servers.

Like WPX, DreamHost offers free domain registration, SSL, content delivery network, bandwidth, and backup service, establishing DreamHost as one of the top WPX competitors. [15]

Year founded:2002 Headquarter:Houston, Texas

HostGator provides shared, reseller, VPS, and dedicated web hosting. It offers Linux and Windows-based shared hosting packages with several paid plans for each option.

In 2022, HostGator charged $11.96/month to $17.96/month for Linux-based hosting and $7.96/month to $15.96/month for Windows-based services. [16]

HostGator offers free SSL, storage, domains, dedicated IP, SEO tools, email, data storage, and data transfer services, but all plans dont provide these features.

For example, Linux-based hosting customers under the Hatchling plan get unlimited disk space, monthly data transfers, email addresses, one domain, and third-party apps such as CMS and e-commerce platforms. HostGator is one of the best alternatives to WPX.

Year founded:2000 Headquarter:Phoenix, Arizona

Namecheap provides web hosting and domain registration. It is an ICANN-accredited domain name registrar. In 2022, Namecheap had 11 million registered users and 10 million domains.

Namecheap provides budget-friendly web hosting services. Users can choose from three plans Stellar for $2.18/month, Stellar Plus for $2.98/m, and Stellar Business for $4.98/m.

All tiers offer unlimited bandwidth, free email accounts, and one free SSL certificate installation. Namecheap is one of the best alternatives to WPX. [17]

References & more information

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