Security News > 2024 > July > Despite economic uncertainty, organizations are prioritizing SaaS security investments

In this Help Net Security video, Maor Bin, CEO and Co-Founder of Adaptive Shield, discusses the key findings of their recent annual SaaS Security Survey Report, conducted in partnership with the Cloud Security Alliance.

Seventy percent of organizations have prioritized investment in SaaS security, establishing dedicated SaaS security teams, despite economic uncertainty and workforce reductions.

For the first time, the survey identified the existence of SaaS-specific security roles: 57% of respondents have a SaaS security team of at least two dedicated full-time employees and another 13% have allocated a dedicated full-time employee.

The most difficult areas to manage in SaaS security, according to the respondents, are achieving visibility into business-critical apps; tracking and monitoring security risks from third-party connected apps; locating and fixing SaaS misconfigurations; ensuring data governance and privacy; and aligning SaaS application settings with compliance standards.

Companies that have adopted SaaS Security Posture Management are more than twice as likely to have full visibility into their SaaS stack - 62% of these organizations are able to oversee over 75% of their SaaS environment compared to those that utilize other tools and manual processes in their strategy.

The challenges presented clearly demonstrate that organizations are taking SaaS security seriously.

News URL

https://www.helpnetsecurity.com/2024/07/23/saas-security-investments-video/