2024 Plans and Priorities for SaaS Security

June 5, 2023hacker newsSaaS security/cyber threats

SaaS security

Over 55% of security professionals report having experienced a SaaS security incident in the past two years, ranging from data breaches and data breaches to SaaS ransomware and malicious apps (see Figures 1 and 2) ).

SaaS security
Figure 1. Number of organizations that experienced a SaaS security incident in the last two years

The SaaS Security Research Report: Plans and Priorities for 2024, developed by CSA in partnership with Adaptive Shield, explores these SaaS security incidents and more. Sharing the perspectives of over 1,000 of his CISOs and other security professionals, this report sheds light on SaaS risks, existing threats, and how organizations can prepare for his 2024.

Click here to download the full report.

SaaS security incidents on the rise

Anecdotally, it was clear that SaaS security incidents had increased in the last year. He has been featured in more headlines and articles than ever before about SaaS breaches and data breaches. But this report provides a surprising background to those headlines.

As seen in Figure 1, a staggering 55% of organizations experienced a SaaS incident within the last 24 months. As shown in Figure 2, these incidents included data breaches (58%), malicious third-party applications (47%), data breaches (41%), and SaaS ransomware (40%).

SaaS security
Figure 2. Types of Security Incidents Experienced by Organizations

Your current SaaS strategy isn’t far enough

One of the reasons for the increase in security incidents is that current solutions are not widely deployed. 7% of respondents said they monitor 100% of the SaaS stack, and 68% reported that they monitor less than half of the SaaS stack.

Current SaaS security practices such as cloud access security brokers (CASB) and manual audits are not sufficient to cover the SaaS stack. Unfortunately, these solutions are unable to keep up with the growing use and demand of his modern SaaS stack. Today’s enterprises must secure hundreds of thousands of configurations, monitor thousands of user accounts, and scrutinize thousands of third-party connected applications that exceed his CASB’s capabilities. and manual work overwhelms resources.

SaaS security
Figure 3. Percentage of SaaS apps fully covered and monitored by CASBs or manual audits

App ownership is far-reaching

In response to an increase in SaaS incidents, organizations report that they are now prioritizing SaaS security. The study found that more C-level leaders were involved in securing her SaaS stack, and CISOs and security managers moved from an administrative role to an administrative role in securing her SaaS stack. It has been shown that it seems to

The security of each app is a multi-layered responsibility, as app ownership often lies with different business units across an organization, but ultimately the security team is responsible.

SaaS security
Figure 4: As more roles are involved in SaaS security, it becomes harder to know who is responsible

SaaS Security Plans for 2024

The report also sheds light on how organizations are creating policies and processes to address key SaaS security issues. While many companies are still on their way, they are building strong foundations in the following areas:

  • SaaS Misconfiguration
  • 3rd party connectivity apps
  • User devices accessing SaaS apps
  • Identity and access governance
  • threat detection
  • Data loss management

Enterprises are increasing investment in SaaS and SaaS security

In addition to tightening policies and adding executive stakeholders, it’s no surprise that organizations are also increasing their spending on SaaS. Over the past year, 71% of organizations have increased their investment in SaaS security tools, and 63% have hired staff or increased their training for SaaS security.

SaaS security
(left) Figure 5. Changes in organizational investments over the past year | (right) Figure 6. Number of organizations currently using or planning to use SSPM platforms

One of our major areas of investment is SaaS security. A year ago in his SaaS Security State Report for 2022, 17% of respondents reported deploying his SaaS Security Posture Management (SSPM) tool. Since then, that number has nearly tripled to 44%, with another 36% planning to add his SSPM to their SaaS security stack within the next 18 months. This brings him to 80% of the total security personnel already using SSPM or planning to deploy it.

Reasons for this sharp increase include the need to mitigate SaaS threats (31%), improve their SaaS posture (29%), and save time managing and maintaining their SaaS stack (23%). reported.

SaaS security
Figure 7. Key Benefits Expected from SSPM Solution

Picture of challenge and hope

Ultimately, the SaaS Security Research Report: Plans and Priorities for 2024 report reflects and quantifies the many changes that have impacted the industry over the past year. Threat actors are tempted by seemingly easy and high-value outcomes within the SaaS ecosystem. SaaS security cybersecurity incidents are up 12% from his year ago, with attack types like breaches, data loss and ransomware being critical.

But organizations face the challenge of securing their SaaS stack. Whether it was the cost savings, ease of access, or collaborative nature of the tool that initially attracted us to SaaS applications, we now recognize the need to protect our assets and the data they contain. .

It’s no surprise they turned to the SSPM market. SSPM helps organizations identify and protect against misconfigurations, protect them from a range of intrusive third-party apps, manage users and devices, and detect threats from across the SaaS stack, helping It brings hope to protect sensitive and business-critical data stored within the SaaS stack. Firmly fixed.

Learn how SSPM can help secure your entire SaaS stack.


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