November 27, 2023 at 01:24PM
Today, consumers are projected to spend $13.7 billion during Cyber Monday. SaaS applications play a crucial role in managing the behind-the-scenes operations of retailers, but it is vital for retailers to prioritize the security of their SaaS apps. Areas to focus on include controlling privileges and access, preventing data leaks, defending against insider threats, and automating SaaS security with tools like SSPM.
Based on the meeting notes, here are the key takeaways:
1. SaaS applications play a crucial role in supporting retail operations during busy periods like Cyber Monday. However, retailers need to ensure the security of their SaaS app stack to avoid cyberattacks and data breaches.
2. Retailers should focus on controlling privileges and access in their SaaS app stack. This includes creating role-based access, monitoring employees’ access levels, and deprovisioning access for former employees.
3. Preventing data leaks is essential, especially when it comes to sensitive information like pricing strategies and customer data. Encryption settings should be enabled, and the ability to share or email files outside the organization should be restricted. Strengthening security settings to prevent unauthorized data leaks is crucial.
4. Insider threats pose a significant risk to retailers. Monitoring user activity and utilizing Identity Threat Detection & Response (ITDR) tools can help detect and prevent insider attacks by identifying behavioral anomalies.
5. Automating SaaS security using tools like SaaS Security Posture Management (SSPM) can provide effective monitoring of settings, detect misconfigurations, unauthorized access, and ensure that users are properly deprovisioned. SSPM tools like Adaptive Shield can help retailers secure their entire SaaS app stack.
It is recommended to request a demo of Adaptive Shield’s SSPM tool to see how it can help secure retail SaaS apps.