10 Tips to Mitigate Your SaaS Cybersecurity Risks
Software as a service (or SaaS) is a method of distributing applications over the Internet as a service due to which many businesses are utilizing the cloud for its increased efficiency and improved agility.
According to a study, 85% of businesses would be using SaaS solutions by 2025. But one of the main barriers preventing small and medium businesses from utilizing the potent cloud technologies to their full potential is security.
Some of the most common SaaS cybersecurity risks are:
- Cloud Misconfiguration
- Third-Party Risk
- Supply Chain Attacks
- Zero-Day Vulnerabilities
- Unclear Responsibilities
- Insufficient Due Diligence
Top 10 Tips to Mitigate Your SaaS Cyber Security Risks:
All SaaS apps and businesses must take precautions to protect their internal as well as customer data from the cyberattacks and data breaches that occur every week. They also need to learn how to reduce the risks associated with cloud security for SaaS applications.
- Train your customers and staff members
To make sure that everyone is aware of their responsibility for data protection, training is crucial. It’s also a useful method for spotting possible security vulnerabilities before they materialize into issues.
Therefore, To protect company assets from harmful assaults, employees need to be regularly trained by their employers on the newest cybersecurity developments. The organization must include the cybersecurity training part of the onboarding process. Employees would then be aware of cybersecurity breaches and what they may do to safeguard critical information.
2. Inventory all SaaS apps
It is possible to lessen Shadow IT risks and credential-related concerns like password reusing and account takeover by maintaining a central inventory of all cloud web apps utilized by employees.
Employee onboarding and offboarding can benefit from the organization’s SaaS inventory; for example, if an employee leaves, it can be easily determined which tools were used. In this manner, access can also be revoked for third-party online applications).
3. Continuous SaaS Risk Management
SaaS security concerns are distinct from conventional security threats and they also differ from enterprise to enterprise, therefore, it’s important to identify what are the risk faced by your enterprises for identifying this you must perform continuous SaaS risk management which will help to discover new risk and also keeps a track on whether a low-level risk is getting converted into a high risk.
4. Detect and Mitigate Vulnerabilities
Detecting and mitigating a vulnerability can boost SaaS security and can save a company from devastating consequences following cyber-attacks and data breaches.
The following steps can be taken to implement it:
- Identifying vulnerabilities
- Minimizing the attack surface
- Strengthening your security
5. Integrate Real-Time Threat Detection and Prevention
By incorporating real-time threat detection and protection, SaaS application security threats can be avoided. Through granular traffic monitoring and behavioral analysis, you can quickly discern between legitimate and fraudulent requests, thwarting a wide range of established and new threats. In light of the continually changing threat landscape, it provides 24x7 visibility into the security posture, empowering you to take a proactive approach to security.
6. Stringent Access Controls
Assure appropriate permitted access for internal/external users as well as B2B/B2C users. Enterprises may control, monitor, and manage user access and stop nefarious identity theft schemes by granting the least privilege privileges and assuring safe access from outside their network. It makes user-level data security monitoring simpler.
7. Implement a Data Retention Policy
From the perspectives of compliance, privacy, and data security, It is crucial to recognize the types of data that must be retained and for how long when creating data retention policies. Create programmatic deletion procedures for client data after the predetermined period. Keep in mind that breaking the law carries steep consequences.
8. Encrypt all Data
The best method to ensure that your data is secure, both in transit and at rest, is to select SaaS providers that adhere to the necessary data encryption standards. As an enterprise, you must ensure that all data is encrypted using strong cryptographic and hashing protocols.
9. Logging and Monitoring
One of the best strategies to guarantee cybersecurity with your SaaS is to keep a track of your processing activity. You may maintain track of all the data processing techniques being utilized and see any potential problems by having this record.
10. Hire a cybersecurity service
No matter how big or small a corporation is, data breaches can still occur. Hiring a cybersecurity service is a smart move if you’d rather concentrate on expanding your company than assuring cybersecurity.
They will perform a vulnerability assessment of your platform and will report to you about the high-risk vulnerabilities.