Global channel partners will grow revenue by over 10% this year: Canalys

In its 10th edition of CANALYS FORUMS APAC event Canalys predicts that global channel partners will grow revenue by over 10% this year. The IT channel is an important industry.

In the event CEO Steve Brazier has proposed that cloud vendors should have similar accountability to credit card companies when accounts are hacked and used to mine cryptocurrency.

As cryptocurrencies crashed around the world and the cost to mine the digital assets through owned equipment ate away at what value remained, miners turned to creative means to continue with their chosen profession or hobby.

"They can't afford to provide the computing power. But they can hack the public clouds," Brazier told the Canalys Forums APAC 2022 event. "They are exploiting small businesses around the world by gaining access to different people's public cloud accounts."

The analyst company's CEO detailed that the cumulative illicit use of public clouds for crypto-mining was valued at $100 million or more so far in 2022, and growing quickly. But when it comes to who is accountable for the stolen compute, public cloud providers are leaving the channel responsible for any disputes.