In today’s digital ecosystem, the success of a business depends a lot on the SaaS engineering capabilities of the organisation. To stay ahead of the curve, an organisation’s infrastructure, technology and processes must be agile, light on their feet and dynamic in scale. Cloud computing models of service, or Software-as-a-Service (SaaS) offers a reliable and affordable software infrastructure to various organizations helping businesses advance to the next level.
Industry analysts estimate that the SaaS market will grow by more than 20 percent annually, reaching nearly $200 billion by 2024, a level that would represent nearly one-third of the overall enterprise-software market. Businesses are increasingly choosing SaaS platforms to improve data protection, speed, flexibility and affordability.
But data protection capabilities of a SaaS platform need to be a top priority. Without a well-refined and streamlined SaaS security checklist or solution in place, an organization runs the risk of facing extremely damaging repercussions from such security compromises.
What is SaaS data protection and what can you do to overcome it?
SaaS security-based practices refer to data privacy and ensuring the safety of user data gathered on a subscription-basis. Although SaaS empowers organisations to move smartly at an affordable price, it has its own vulnerabilities with regards to cybersecurity attacks and data leaks. That is where SaaS data protection comes in to play.
The SaaS data protection assists content security in cloud computing by helping businesses become manoeuvrable in their services availability. And, it also ensures that the information security system won’t be breached.
To learn more about the importance of SaaS data protection, let’s first take a closer look at the type of threats, and HOW SaaS data protection overcomes it:
- Data theft
Needless to say, the first and foremost kind of threat is data theft, in which the entire database is compromised. Data privacy issues and insufficient protections can make way for ransomware threats. Companies who lose data this way are faced with further repercussion from which they might take a long while to recover.
Poor SaaS platform security practices when moving to the cloud can make your organization a target for cybercriminals to exfiltrate data.
Gaining visibility into where your data is stored in the cloud can be a great place to start in deterring data breaches. Choose plans that are more secure in nature, even though you may have to spend extra for it. Most companies tend to fall victim to data breaches because they compromise due to a lower spend with shared databases. Authentication and access control, integrity checks, data masking, and other data security solutions cannot be overlooked when moving from on-premise to cloud.
- ATOs or Account Take-overs
Account take-overs are stealthy in nature, where a single account could be used to hack through an entire organization. This can happen due to poor authentication processes, or unmonitored and unused accounts. Common methods used are credential fishing campaigns targeted at top officers, or even from lower-level targets to gradually escalate privileges.
Organizations need to take a closer look at SaaS application security and account security, and the status of unused accounts on a regular basis to overcome such infiltration into the network. Unused and old accounts tend to be the breeding ground for malicious attackers, who can go unnoticed until very later.
- Identity theft
Unauthorized accesses to personal information can lead to identity thefts on multiple levels. Identity thefts are rising year by year. Organizations must take this seriously at the earliest. Managing access to personally identifiable information (PII) is the management’s concern.
There are many account security measures that can be taken from a higher level to ensure that customer or employee data is not exposed. Additional security measures such as masking sensitive data, encrypting passwords, and tying loose ends with two-factor authorization, etc., are essentials in preventing identity thefts.
Companies should also need to give adequate training to employees about data security and possible data breaches.
Malwares and zero-day threats have pressurized organizations to compromise substantially in the past. Malwares cannot be obliterated without regular security updates, which can scan for newer threats.
Most companies come under the attack due to a reluctance to move to better, but more expensive SaaS platform solutions for security. This may save money in the short term but can lead to bigger losses as time passes. A great option would be to opt for multi-cloud computing, where the most sensitive information resides in a more secure database. This way, there is better cost cutting.
Choosing unreliable vendors with the least compliances can be the biggest mistake organizations make these days. It is your right to question the data integrity of a service provider at the time of purchase.
Check for GDPR compliance with HIPAA for healthcare, SOX adherences in finance, and PCI DSS for retail businesses, for a start. Being digitally aware and educated at all times, can go a long way in achieving data security. Enterprise DevSecOps services helps organizations with security and compliance. DevSecOps integrates security into the development processes, before things go into production.
With the advantages that SaaS platforms provide for businesses, there is a need to take a deeper look at the security enforcements in place that will boost customer confidences and protect sensitive information. Innominds always ensures that your SaaS platforms are secured with the most remarkable security measures and checks.
Improve Data Protection with Innominds SaaS Engineering Services
Innominds helps build SaaS platforms and solutions that meet data privacy compliances and regulations.
We build smart KPI dashboards that generates insights into security issues benefitting privacy and security teams. Apart from that, our solutions enhance user experience and perform cloud privacy risk assessment checks for businesses. Innominds’ integrated schema extraction and built-in pipelines help in automating extraction, classification, grouping and loading data. Additionally, it streamlines the user’s experience even before the development process begins, to avoid dependencies and delays in application development.
Overall, a SaaS platform should take care of any security threats through improved quality of data and other data protection methods. By identifying SaaS security issues and providing analytical insights through highly visual KPI dashboards, it makes better privacy checks and helps in better decision-making. The combined force of SaaS and SaaS data protection enables an organization with safety and speed of service.
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