Three SaaS Security Threats and Risks Enterprises Must Address

Three SaaS Security Threats and Risks Enterprises Must Address
Three SaaS Security Threats and Risks Enterprises Must Address

It’s no surprise that businesses are switching from on-premise software to Software-as-a-service (SaaS). SaaS companies deliver superior technology, lower operating costs, and shorter deployment times. As with any good technology, there are risks. Interacting with SaaS providers can put data and company continuity at risk, as well as cause cybersecurity risks.

Many organizations are migrating to the cloud as a result of the continuous digital revolution in every industrial sector. According to the 2022 State of IT by SWZD, 50% of all business workloads will run in the cloud by 2023. Businesses, without question, prefer convenience, yet a single flaw can drop a Software as a Service (SaaS) system down a notch and cause serious difficulties.

The top three SaaS security issues that any company should address as soon as possible are listed below.

Also Read: Cohesity Offers FortKnox — Combating Ransomware with a SaaS Data Isolation and Recovery Solution

App and data access leak

When an organization uses cloud-based apps that are not part of its infrastructure; it runs the risk of unauthorized users accessing the program and its data, obtaining access to both. The problem is that SaaS does not always enable role-based and attribute-based access control.

According to industry experts, the firm must check whether an application provides role-based and/or attribute-based access control. Access management rights in a solution may be synced with the corporate access control system (if firms have one). Otherwise, the best choice is to use a tailored on-premises solution that meets the data security criteria.

Dearth of transparency

SaaS vendors are notorious for their secrecy. On the surface, they convince their clients that they are better than any other service at keeping their data safe. At the absolute least, they promise that they are better capable than the client of protecting information and data. It is, however, best not to take their word for it. There will undoubtedly be legitimate worries about the provider’s lack of transparency over its complete security process.

Unfortunately, the issue is still up for dispute. On the other hand, customers can be suspicious of this lack of clarity. Clients or industry experts are not answering several security questions. It leaves them with questions and guesses about the service they are using or evaluating. However, SaaS companies say that the lack of transparency is what keeps their services safe because disclosing information about data centers or operations might jeopardize their clients’ security. The reasoning may look acceptable for some people, but it still raises issues for others.

Also Read: Shadow IT in the SaaS Environment – What Enterprises Can do to Mitigate the Risks

Unintentional insider danger

Companies need to cope with anything right from user error to malevolent administrators. Insider attacks may be expensive since these individuals are closest to critical data and know the vulnerabilities better than anyone else. However, not all insiders with high-level access intend to inflict harm; many don’t realize they have violated the law until it’s too late.

Their weak passwords, stolen devices, and shared credentials become liabilities, jeopardizing the security of the SaaS system. When a SaaS product is accessible from the inside, on the move, in remote locations, with a weak firewall and fewer levels of network protection, it is simpler for vengeful third-party parties to exploit the situation.

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