Your SaaS Setup Could Be a Major Security Risk to Your Business
Your SaaS setup could be a major security risk to your business
Cloud-based software is an innovative delivery model that makes it easier for businesses to access applications over the internet. Rather than developing and installing the software, it is delivered on a SaaS platform by an independent software vendor (ISV). This eliminates the need for businesses to build specialised applications or develop workforces that are specialized in specific tasks.
It is also convenient and cost-effective, making it a great choice for small and medium-sized businesses. It can be accessed on any device with an internet connection and it is backed up to prevent data loss.
However, your SaaS setup can be a security risk if you don’t keep it up to date and maintain it properly. This is especially true if your company has sensitive data that needs to be protected against Data breach and misuse.
Misconfigurations of SaaS security settings are a major cause of cyberattacks, and a recent survey from the Cloud Security Alliance revealed that 63% of all security incidents are caused by misconfigurations in SaaS. These misconfigurations include allowing too many people to access a cloud application, and implementing identity and access management incorrectly.
This can lead to the unauthorized access of confidential information and the theft of personal details such as social security numbers. This type of attack is a prime example of why business leaders should implement identity and access management correctly to protect their company’s valuable data from threats.
A good identity and access management solution will provide strong authentication and allow you to control who has access to certain parts of your system. This is especially important when you are using multiple different applications or services, such as a customer relationship management (CRM) or an employee database.
If your company is using a SaaS tool for managing payroll, it is essential to ensure that the provider provides sufficient access permissions and user authentication. This will prevent hackers from stealing confidential data and gaining access to sensitive information without your knowledge.
Identify how your SaaS data links to other internal applications and business processes, and conduct regular security audits on your entire IT infrastructure. This will help you spot potential vulnerabilities and take the necessary actions to fix them.
The security risks associated with your SaaS setup are serious enough that you should consider using a high-end risk management tool to ensure that your sensitive data is secure and that it is only accessed by those who need to see it. This can be done through a third party or through a SaaS tool that includes an advanced risk management feature.
In addition, you should regularly perform backups to make sure that your data is always safe. This will save you time and money in the event that your data is stolen or destroyed by a hacker.
Despite all of these factors, it is important to remember that your cloud-based software is still subject to cyberattacks. Your business could lose a lot of money and reputation by not taking the necessary precautions to protect your SaaS tools from Data breach. You need to ensure that your cloud-based solutions are kept up to date and that you have a dedicated IT team that is constantly monitoring the way your data is being stored on these tools. This is just as important as monitoring your other IT systems, and will keep you safe from a Data breach.
