4 MUST-HAVE CAPABILITIES YOUR SAAS SECURITY NEEDS TO PROTECT DATA IN THE CLOUD
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HOW SAFE IS YOUR DATA ?
4 MUST-HAVE CAPABILITIES YOUR SAAS SECURITY NEEDS TO PROTECT DATA IN THE CLOUD
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tThe pros and cons of cloud adoption
Cloud adoption has enabled your organization to enhance access to corporate resources , boost operational efficiency , and lower costs . It also has introduced a new set of cybersecurity challenges , particularly when it comes to safeguarding data in the cloud , whether it ’ s sensitive corporate information or data that are protected by regulations .
To fulfill IT , security , and compliance requirements while supporting your hybrid workforce , you need to protect sensitive data without hindering access demands . Unfortunately , the cloud ’ s unique characteristics have made data protection complex .
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Based on a survey by the Gartner Peer Community , a staggering 54 % of organizations experienced a breach between 2020 and 2022 . Furthermore , the costs of such breaches have soared , reaching $ 5.02 million in 2022 , according to IBM ’ s Cost of a Data Breach report .
By understanding how to secure data in SaaS apps , you ’ ll be equipped to choose cybersecurity products that offer the protection you need .
The limitations of access controls and legacy solutions The 2020 pandemic fueled widespread adoption of cloud technology . To protect their valuable cloud data , organizations turned to identity and access management ( IAM ) with single sign-on ( SSO ) to govern access . Many also sought to extend their on-premises data loss prevention ( DLP ) and secure web gateways ( SWG ) capabilities .
However , as hybrid work has become increasingly prevalent – by 2022 , 74 % of employers were offered such arrangements , according to IFEBP – these approaches have become insufficient for effectively safeguarding cloud data .
Inefficiencies , vulnerabilities , and lack of visibility
• IAMs and SSOs focus on access : These solutions simplify app access management and rely on step- up authentication for security . As a result , they lack visibility into data access activities . So , once a user is authenticated , they ’ re unable to control how data is accessed or shared .
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