When it comes to SaaS cybersecurity risks, there are a few key things that businesses need to be aware of.
First and foremost, SaaS applications are often hosted on the cloud, which can introduce a whole host of new risks. Secondly, SaaS applications are typically accessed via the internet, which can also introduce new risks. Finally, SaaS applications are often shared among multiple users, which can create additional risks.
Let’s take a closer look at each of these risks in turn:
1. The risks associated with hosting SaaS applications on the cloud
When SaaS applications are hosted on the cloud, businesses need to be aware of the fact that they are entrusting their data to a third-party provider. This means that businesses need to do their due diligence in terms of choosing a reputable and secure provider. In addition, businesses need to be aware of the fact that their data is stored on servers that may be located in different parts of the world. This can make it more difficult to protect data from potential threats.
2. The risks associated with accessing SaaS applications via the internet
When SaaS applications are accessed via the internet, businesses need to be aware of the fact that their data is being transmitted across the web. This means that businesses need to ensure that their data is encrypted in transit in order to protect it from potential threats. In addition, businesses need to be sure that their SaaS applications are only accessible via secure connections.
3. The risks associated with sharing SaaS applications among multiple users
When SaaS applications are shared among multiple users, businesses need to be aware of the fact that each user may have different levels of access to the data. This can create the potential for data leakage if users with higher levels of access are able to view or download data that they should not have access to. In addition, businesses need to be sure that each user is authenticated and authorized to access the data.
4. The risks associated with using SaaS applications for critical business functions
When SaaS applications are used for critical business functions, businesses need to be aware of the fact that they are relying on a third-party service. This means that businesses need to ensure that the SaaS provider has robust security measures in place. In addition, businesses need to have a contingency plan in place in case the SaaS provider experiences an outage or other issue.
5. The risks associated with managing SaaS applications
When SaaS applications are managed by businesses, they need to be aware of the fact that they are responsible for ensuring the security of the data. This means that businesses need to have the necessary policies and procedures in place to protect data from potential threats. In addition, businesses need to ensure that they have the resources and expertise to manage SaaS applications effectively.
Managing the Risks of SaaS Applications: Protecting Your Data and Operations
One of the biggest risks associated with managing SaaS applications is the loss of control over data security. When you use a SaaS application, you are essentially entrusting your sensitive data to a third-party provider. This means that you no longer have direct control over how your data is stored, accessed, and protected. As a result, it's important to carefully evaluate the security measures put in place by your SaaS provider, and to choose a provider that has a track record of protecting their customers' data.
Another risk to consider is the potential for security breaches. Just like any other type of software, SaaS applications are vulnerable to cyber attacks. If a hacker is able to gain access to your SaaS application, they may be able to steal sensitive data or disrupt your operations. In order to minimize the risk of a security breach, businesses need to implement strong security measures, such as firewalls, encryption, and regular security updates.
In addition to the risks associated with data security, businesses also need to be aware of the potential for operational disruptions. Because SaaS applications are hosted and managed by a third-party provider, businesses are at the mercy of the provider's servers and infrastructure. If the provider experiences any technical issues or downtime, it can have a major impact on a business's operations. In order to minimize the risk of operational disruptions, businesses need to choose a SaaS provider with a reliable track record and strong technical support.
Overall, managing SaaS applications comes with a unique set of risks that businesses need to be prepared for. By carefully evaluating SaaS providers and implementing strong security measures, businesses can protect their sensitive data and minimize the risk of disruptions to their operations.
Want to learn more about SaaS Security? Check out our piece on SaaS Security Posture Management or SSPM vs. CSPM to dive deeper.