Monday Morning Impact – April 10

Dell’Oro Group: SASE Revenue up 34 Percent

The worldwide SASE market topped $6 B in 2022, representing robust 34 percent growth year-over-year (Y/Y), according to the Dell’Oro Group.

“For the third consecutive year, SASE revenue growth topped 30 percent as the pandemic-fueled need to modernize the network and security architecture for branch offices and hybrid users continued,” said Mauricio Sanchez, Research Director of Network Security, and SASE & SD-WAN for the Redwood City, California-based market research organization. “Single-vendor SASE solutions grew faster as a reflection of greater enterprise preference for one-stop-shop versus multi-vendor best-of-breed.”

The top three overall SASE vendors by revenue were Cisco, Zscaler, and Broadcom/Symantec, and together they represented just over 40 percent of the market.

The networking portion of SASE (SD-WAN) saw revenue climb 30 percent Y/Y as enterprise shift from access routing to SD-WAN solutions increased and supply chains for hardware substantially improved. The top three SD-WAN vendors by revenue were Cisco, Fortinet, and VMware, and together they represented nearly half of the market.

The security portion of SASE (SSE – Security Service Edge) experienced 38 percent growth Y/Y as a result of enterprises’ embrace of cloud-delivered network security to secure cloud-based applications and user’s access to those applications. On a technology basis, SSEs represented nearly 60 percent of the SASE market by revenue. The remainder, 40 percent, was SD-WAN.

Single-vendor SASE was 45 percent of the overall SASE market. The top three single-vendor SASE vendors by revenue were Cisco, Fortinet, and Palo Alto Networks.

Disaggregated SASE revenue was much greater than unified SASE, but the growth rate for unified was far higher. The top three unified SASE vendors by revenue were Versa Networks, VMware, and Cato Networks.

The Dell’Oro Group’s SASE & SD-WAN report includes manufacturers’ revenue covering the SASE and Access Router markets. In addition, the report analyzes the SASE market from two perspectives, technology (SD-WAN networking and SSE security) and implementation (unified and disaggregated). The report also provides unit information for the Access Router market.

Channel Impact^®
The data underscores the primary role served by SASE in networking and security.

Kaspersky Survey Finds One in Three Users Have Experienced Crypto Theft; Average Loss is Nearly $100,000

Kaspersky has released new survey results showing that one third of crypto owners in the U.S. have experienced theft of their currency or other assets, at an average cost of $97,583. This, and other findings, are part of a new report, “Crypto Threats 2023,” based on a survey of 2,000 American adults in October 2022.

Crypto trading has skyrocketed in popularity in recent years. Twenty-four percent of respondents to the survey said they currently own cryptocurrency or other crypto assets. However, scammers are continuously seeking new ways to capitalize on that popularity and defraud users, with tactics such as impersonating legitimate exchanges or launching phishing attacks to steal login credentials. They also use cryptojacking malware to generate currency by stealing computing resources from unknowing victims.

One-third of respondents who said they own or have owned cryptocurrency or other crypto assets said they have fallen victim to a fraudulent crypto-related website, app, or investment scam at some point. Among those victims, 19% said they experienced identity theft as a result, while 27% had payment details stolen and money taken from their bank account.

“From fake apps to cryptojacking, there is a long list of threats lurking online to target cryptocurrencies,” said Marc Rivero, senior security researcher at Kaspersky’s Global Research and Analysis Team. “Without any regulation or established common knowledge, people need to take care to protect themselves. This survey data shows a lot of people are getting their crypto stolen and even experiencing identity theft. Users should keep a close eye out for scams, and should employ any extra security measures that are available to them, such as multi-factor authentication.”

The survey revealed that there is often more that users could be doing to protect their crypto assets. On average, respondents said the last time they checked on their crypto investments was six weeks ago. Twenty-seven percent of users said they keep their crypto stored in an exchange account with no added protection, while only 34% use multi-factor authentication to protect their account. Only 15% of users said they use a “cold wallet,” storing their crypto in external storage not connected to the internet. Thirty-two percent of respondents who own or have owned cryptocurrency or other crypto assets said they have lost access to a crypto-related account at some point.

The survey also yielded some interested findings with respect to age differences among crypto traders. Thirty-six percent of respondents aged 25-44 said they currently own cryptocurrency or crypto assets, compared to just 10% of respondents aged 55 and up. Older respondents who do own crypto, however, appeared to be doing a much better job at protecting their assets. Just 8% of crypto owners aged 55+ said they have had cryptocurrency or a crypto asset stolen, and only 14% in that age group said they have fallen victim to a fraudulent crypto-related app, website or investment scam. Meanwhile, nearly half (47%) of crypto owners aged 18-24 said they had been victimized by theft, with 46% saying they’ve fallen victim to a scam.

Channel Impact^®
Channel partners may come into contacts with individuals within client companies who are engaged in crypto. These people should be encouraged to use strong and unique passwords for each crypto accounts, be wary of suspicious emails and links, and refrain from sharing private keys.

Netskope and Zoom Team Up on New Collaboration Experiences

Netskope, a Santa Clara, California-based SASE company, has announced new integrations with Zoom Video Communications, Inc. that connect Netskope’s Borderless SD-WAN and SaaS Security Posture Management (SSPM) with Zoom UCaaS to deliver secure connectivity to support user collaboration.

Netskope Borderless SD-WAN enables highly reliable, optimized access to Zoom by automatically identifying and prioritizing Zoom connections, and improving network performance with on-demand remediation. Netskope also simplifies remote maintenance of Zoom Phone behind Netskope SASE Gateway with built-in secure inbound access service. In addition, Netskope SaaS Security Posture Management (SSPM) continuously monitors Zoom environments to discover and remediate any misconfigurations that could weaken security, helping maintain compliance with industry standards and regulations.

“As a world leading UCaaS provider, Zoom continues to prioritize security coupled with a seamless user experience to make sure that our customers realize the productivity they need, whenever and wherever work happens,” said Brendan Ittelson, Zoom CTO. “Zoom can deliver top-notch connection, performance, and security in partnership with Netskope’s fully converged, context-aware SD-WAN and SSPM.”

Channel Impact^®
Through these Netskope integrations, organizations using Zoom can enhance user experience while staying compliant with privacy and security regulations.