How to Minimize the Cloud Security Risks for SaaS Application

Software as a Service (SaaS) has grown to become the world’s most popular software delivery model and is showing no sign of slowing down. Most modern businesses want to work with a set of applications that don’t require them to have their own storage, backups, and server rooms on site.

As a SaaS provider, you need to store plenty of sensitive data for both information and customer related as well. In this complex world that seems to see new cyber attacks and data breaches every week, all SaaS apps and businesses must take measures to keep their internal as well as customer data safe and secure.

As security technologies are changing fast and hackers inventing new ideas, how can SaaS companies keep up?

SaaS is literally taking over the cloud computing market. So, it is no surprise to find that the global public cloud service market is projected to grow to more than $200 billion in 2019, up from $175.8 billion in 2018, according to Gartner.

For medium-size organizations, SaaS is primarily a hassle-free and cost-effective alternative that offers new possibilities, flexible costs, as well as easy maintenance and deployment.

In case, if you have been running with a limited budget there are still many free and open-source tools are available to execute your security strategy. Now before we get into the best practices for securing SaaS application, let’s discuss the security challenges. 

Security Challenges for SaaS:

Today, enterprises are focusing on data and business processes like records, pricing information, transactions, etc. If your SaaS provider is leveraging a public cloud computing service, all the data is possibly being stored with other SaaS applications.

So here’s the list of 9 common SaaS security challenges;

·         Data access risk

·         Instability

·         Lack of transparency

·         Identity theft

·         Uncertainty of your data location

·         Paying upfront and long-term

·         Not sure what you agreed to

·         How your data is actually secured

·         No direct control over your own data

Study says, “By 2021, 27% of corporate data traffic will bypass perimeter security, up from 10% today.”

Data stored in SaaS application needs careful analysis of the security controls and processes in each platform for efficient protection. However, as the huge number of SaaS apps are being used, SaaS App Security is what needed the most.

Read the original Article on Andolasoft Blog.