Billed as a type of financing-as-aservice, Funding by ThermoCredit is an entirely new way for agents and partners to generate revenue from their existing customer bases. ThermoCredit will pay partners up to a 10 percent commission for referrals of funding through ThermoCredit, and ThermoCredit can be brought in as a partner on a sale. “Let us help you close your sale. You bring the deal, and we’ll bring the dollars. It’s as simple as that,” said the company. Since 2002, ThermoCredit has provided financial services to hundreds of businesses, lending more than $1 billion in capital to start-ups and existing companies alike. The company provides funding from as little as $100,000 for its smaller clients to well into the millions of dollars for its national customers. While most major SaaS applications offer tools and approaches to help secure accounts against bad actors, improper product configuration, lax enforcement by administrators and end-user bad habits create holes through which malicious actors and automated attacks can succeed in account compromise and data exfiltration, said researchers at SaaS security company SaaS Alerts. While O365 and Google Workspace are the most popular applications in the SaaS Alert data set, and thus created the most logged events in 2022, analysis found that these applications do not throw off the most critical alerts. When looking at the number of events per application that resulted in a critical alert while also considering the number of users who are using that particular application, Salesforce and Slack generated the most critical alerts on a per-user/ per-alert basis, show SaaS Alerts data. According to technology intelligence firm ABI Research, more than 90 percent of enterprises will consume at least 25 percent of their network services in the usage-based, network-as-asservice (NaaS) consumption model. Seen as a more flexible way for enterprises to consume both critical and non-critical network services, ABI expects NaaS will play a prominent role within most enterprise digital transformation strategies across multiple verticals and sizes. “It provides greater time-tovalue for new sites or use cases, optimizes cloud strategies, and increases networking control by abstracting hardware and providing centralized management. This brings massive financial and operational efficiency opportunities and moving forward will have a value proposition that resonates strongly across nearly every major enterprise vertical,” said Reece Hayden, distributed and edge compute analyst at ABI Research. Despite the long-term expectations for NaaS adoption, currently, the market remains somewhat stagnant, said ABI, with enterprise adoption highly constrained to certain software-defined networking services (e.g., SD-WAN). Hayden argued that “this market nascency is a result of enterprise skepticism, confusion, and risk aversion.” He highlights that “although enterprises can see the operational value NaaS could bring, they worry about the potentially higher total cost of ownership (TCO), day-to-day management challenges, and risk of significant fluctuations in monthly bills. This leaves a massive challenge for CSPs.” Add Financing to Your Portfolio with ThermoCredit SaaS Application Alerts Still-Nascent NaaS Market Expected to Explode AT YOUR SERVICE: XaaS What is the average produ Source: TeleGeography 2023 Change In Bandwidth Dis Source: TeleGeography 2023 Productivity Applications Driving the Most Critical Alerts in 2022 Source: SaaS Alerts Which factors are having an impact on rising premiums? Source: Panaseer, 2022 Increasing sophistication of cyber threat actors Increasing cost of ransomeware attacks (e.g. higher ransoms) Inability to accurately understand a customer’s security posture What are the most important factors when assessing security posture? Little/no impact 26% Little/no impact 22% Little/no impact 26% Somewhat of an impact 36% Somewhat of an impact 42% Somewhat of an impact 39% Significant impact 38% Significant impact 36% Significant impact 35% How do insurers assess cyber risk? Source: Panaseer, 2022 40% 36% 32% 31% 31% 30% 26% 25% Cloud scurity Security awareness Application security Vulnerability management PAM Patch management IAM EDR Source: CB Insight Q1 Q2 Q3 2022 2022 Q4 Q1 10,922 $151.0B $117.7B $81.6B $67.3B 9,485 8,798 7,830 Projected Deals 5,792 Projected Funding $56.3B LOGGED EVENTS: 3,098,946 % THAT ARE CRITICAL ALERTS: 8.43% LOGGED EVENTS: 2,405,363 % THAT ARE CRITICAL ALERTS: 3.77% LOGGED EVENTS: 84,077,748 % THAT ARE CRITICAL ALERTS: 1.82% LOGGED EVENTS: 710,203,102 % THAT ARE CRITICAL ALERTS: 1.26% 80% 70% 60% 50% 40% 30% 20% 10% 0% Average Percentage of Sites <1 to 4 Mbps 5 to 1 10% 5% -0% -5% -10% -15% -20% Difference in Average Percentage of Sites (2018-22) 2018 2 56 CHANNELV ISION | MARCH - APRIL 2023
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